Idaho Administrative Code › Title IDAPA 59 - PERSI (Public Employee Retirement System of Idaho) › Rule 59.02.01 - RULES FOR THE JUDGES' RETIREMENT FUND › Subchapter A - GENERAL PROVISIONS › Section 59.02.01.010 - DEFINITIONS

Current through August 31, 2023
The following definitions apply to this chapter: (3-31-22)
01.
Accrued Benefit
. The actuarial value of the retirement benefit to which the Member is entitled under the Judges' Retirement Fund upon attainment of Normal Retirement Age. (3-31-22)
02.
Active Member
. Each justice or judge who participates in the Judges' Retirement Fund as provided by Idaho Code. (3-31-22)
03.
Administrator
. The Board. (3-31-22)
04.
Annual Additions
. Annual additions are the total of all after-tax Member contributions in a year (not including rollovers) and forfeitures allocated to a Member's account under the Judges' Retirement Fund and all other qualified plans to which contributions are made based on the Member's service with the Employer. (3-31-22)
05.
Beneficiary
. The designated person (or, if none, the Member's estate) who is entitled to receive benefits under the Plan after the death of a Member. (3-31-22)
06.
Board
. The retirement board established in Section  59-1304, Idaho Code. (3-31-22)
07.
Code
. The Internal Revenue Code of 1986, as now in effect or as hereafter amended. All citations to sections of the Code are to such sections as they may from time to time be amended or renumbered. (3-31-22)
08.
Compensation
. All cash compensation for services to the Employer, including salary, wages, fees, commissions, bonuses, and overtime pay, that is includible in the Member's gross income for the calendar year, plus amounts that would be cash compensation for services to the Employer includible in the Member's gross income for the calendar year but for a compensation reduction election under sections  125,  132(f),  401(k),  403(b), or  457(b)  of the Code. (3-31-22)
09.
Contingent Annuitant
. The person designated by a Member under certain retirement options to receive payments upon the death of the Member. The person so designated must be born and living on the effective date of retirement. (3-31-22)
10.
Designated Beneficiary
. The individual who is designated as the beneficiary under the Plan and is the designated beneficiary under section  401(a)(9)  of the Code and section  1.401(a)(9) -4, Q&A-4, of the Treasury regulations. (3-31-22)
11.
Differential Wage Payments
. Differential Wage Payments as defined in  26 U.S.C. 3401(h). A differential wage payment generally refers to an employer payment to an employee called to active duty in the uniformed services for more than thirty (30) days that represents all or a portion of the compensation he would have received from the employer if he were performing services for the employer. (3-31-22)
12.
Employer
. The common law employer of a Member. (3-31-22)
13.
Judges' Retirement Fund
. The Judges' Retirement Fund established under Title 1, Chapter 20, Idaho Code, and rules applicable to the Judges' Retirement Fund. The Judges' Retirement Fund is intended to satisfy Code section  401(a)  as applicable to governmental plans described in Code section  414(d). It is maintained for the exclusive benefit of Members and their beneficiaries. (3-31-22)
14.
Member
. An individual who is currently accruing benefits or who has previously accrued benefits under the Plan and who has not received a distribution of his entire benefit under the Plan. (3-31-22)
15.
Normal Retirement Age
. The age (or combination of age and years of service) at which a Member is entitled to an actuarially unreduced retirement benefit under the Plan. A Member will be fully vested upon attainment of Normal Retirement Age. (3-31-22)
16.
Plan
. The plan of benefits under the Judges' Retirement Fund. (3-31-22)
17.
Required Beginning Date
. The date specified in Rule  100  of these rules. (3-31-22)
18.
Severance from Employment
. The date that the Member dies, retires, or otherwise has a separation from employment with the Employer, as determined by the Administrator (and taking into account guidance issued under the Code). (3-31-22)