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ID H0644
Bill
AI Summary
House Bill 644 Summary
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Amends Section 59-1302, Idaho Code, to add clarifications and definitions related to the Public Employee Retirement System.
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Adds definition of "Alternate payee" as a spouse or former spouse recognized by an approved domestic retirement order as having rights to accrued benefits in the retirement system.
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Adds definition of "Approved domestic retirement order" as a domestic order that creates or recognizes alternate payee rights and directs the system to establish segregated accounts or disburse benefits, subject to executive director approval.
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Adds definitions for "Average monthly salary," "Base period," "Segregated account," and "Lifetime annuity" to establish the calculation methods and benefit distribution options for retirement benefits.
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Excludes substitute teachers, substitute assistants, and certain employees in optional retirement programs from the definition of "Employee" under the system.
Legislative Description
Amends existing law relating to the Public Employee Retirement System to further define a term.
PUBLIC EMPLOYEE RETIREMENT SYSTEM
Last Action
Governor signed Session Law Chapter 182 Effective: 07/01/10
3/31/2010