Those of you who are retired, I am envious and wish you all you have hoped for at this stage of your life. Those of you, who like me, are still working, keep at it. We need you, and rest assured that your retirement system is in good hands. Regular Interest is credited to member accounts. It is also charged to members on the outstanding balance of separation benefit repayments or delinquent contributions.
Any interest paid by members is credited to their accounts.
Interest is compounded monthly. By Idaho law, the rate may be reviewed and changed periodically by the Retirement Board. The interest rate is more stable than the portfolio return and reflects the rate of return from an easily accessible investment instrument. Some years the portfolio returns exceed the regular interest rate. Other years, the interest rate may exceed the investment returns.