Bill > H0068

This bill amends existing law to conform provisions regarding retirement and early retirement allowance calculations for state legislators to the decision of the Citizens' Committee on Legislative Compensation. The key provisions are: 1. The annual amount of accrued retirement allowance for state legislators who first took office after July 1, 2019 and were not regularly present at the employer's offices for at least 20 hours per week will be calculated differently than for other members. Their allowance will be the sum of the amount calculated based on only their time as an elected/appointed official and the amount calculated based on their total months of credited service, excluding the excess months as an elected/appointed official. 2. The initial retirement allowance for state legislators who first took office on or before July 1, 2019 will be computed based on their total months of credited service. 3. The bill also includes provisions related to minimum accrued retirement allowances for members with multiple periods of employment covered by the retirement system.

Business and Industry, Government Affairs

Commerce and Human Resources Committee (House)

https://legislature.idaho.gov/sessioninfo/2019/legislation/H0068/