Retirement Information

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2023-2024 Insurance Changes

Retirement Overview

  • Retirement Insurance Q & A

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  • Timeline

    Thinking of Retirement?  
    1 year
    Prior to retirement, sign up to attend a local PERSI workshop by calling 800-451-8228 or visit their website at to reserve a spot.

    6 months
    Prior to retirement, contact PERSI by calling 800-451-8228 or visit their website at to request a retirement application. Minimum age to retire with PERSI is age 55 in order to receive a monthly retirement benefit.
    3 months
    Prior to retirement, contact Shelley Hanzen at the District Office, ext. 10032 to schedule an individual meeting to review unused sick leave and insurance options; submit retirement letter to Human Resources.
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  • Sick leave benefit

    1.   The balance of your remaining sick days can be used to continue your health, dental, vision and/or life insurance benefits.

    2.   Your unused sick leave entitlement is figured as follows: (Sick days x .5 x daily/hourly pay rate = amount available to purchase benefits)

    3.    After that sum is spent, you may continue these benefits by paying either with your retirement funds or direct payment.


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Retirement Accounts

  • PERSI - Base Pension Plan

    Enrollment in the PERSI Base Pension Plan is automatic with benefited employees of the Coeur d' Alene School District. Both you and your employer make contributions to PERSI. Your contributions are credited to your personal account, while employer contributions are pooled in a trust fund to cover benefits. The actual value of your benefit exceeds your contributions and the the longer you work for an eligible PERSI employer, the greater your retirement benefit will be.

    Although you may not remain a public employee your entire career, if you work for a PERSI employer and earn 60-months of service credit, you will be fully vested and receive a lifetime benefit at retirement. A 60-month vesting period does not have to be with the same PERSI Employer. When you retire, PERSI will pay you every month for as long as you live and if you selected a retirement option with survivor benefits, your Contingent Annuitant will receive a benefit for life after your death.

    For detailed information on PERSI, visit their website.( With specific questions for PERSI regarding your account, retirement or other information, call the employee answer center at 800-451-8228.

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  • PERSI Choice (401k)

    The PERSI CHOICE (401k) Plan is a defined contribution savings option for active members. It allows you to contribute a portion of your salary on a tax-deferred basis via payroll deduction. This means your contributions come out of your paycheck before taxes, thereby reducing the amount of taxes you pay during the year.

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  • Optional Retirement Accounts (403b)

    The Coeur d' Alene School District allows full time employees to make investments into optional approved 403b accounts. For more information on retirement planning with a 403b, consult with a financial advisor. Click link for Employee Plan Eligibility Notice and List of Approved 403b providers.


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  • Statewide Schools Retirement Program 2024

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PERSI Retirement Benefit Information