Authority for this Policy is found in Idaho Code Title 59 Chapter 13. Vesting occurs after the employee has been enrolled as a member for five years. Vesting occurs immediately. Employee contributions are made through payroll deduction. These amounts may vary from year to year, current information is available from Human Resource Services.
Participation is suspended while an employee is on leave without pay.
Further information may be obtained from Human Resource Services. Such an employee is not eligible for any benefits resulting from state contributions to the retirement fund. An employee leaving the university after five years of service and before age 65 may withdraw his or her contributions with interest or may leave the funds intact and begin to receive benefits on retirement at age 55 or older. Those leav ing the university after five years of service and after attaining age 65 are eligible for service retirement. Employee contributions are made through payroll deduction.