Idaho · PERSI · Methods and sources

How we estimate PERSI pensions

Every number on the Idaho pages comes from the Member Handbook of PERSI (the Public Employee Retirement System of Idaho), its other publications, web pages and financial reports, PERSI's rules, or the Idaho State Tax Commission. Here's what the calculator does, and what it leaves out.

This page explains the PERSI calculator. The rules it uses are explained in plain English on the benefit formula, early retirement and payment options pages.

  1. 1

    Count your service

    PERSI counts service in months. We add a month for each month from today to your start date (none if you've stopped working).

    Member Handbook (2019), p. 10, Credited Service; Credited Service flyer
  2. 2

    Count your age

    In whole months, up to the end of the month before your benefits start. The month you reach an age counts, so benefits can start the 1st of the month after you turn 55 or 65.

    Member Handbook (2019), pp. 23-24; Early Retirement brochure (01/14) pp. 2-4; PERSI ACFR 2024 p. 8
  3. 3

    Check eligibility

    Vested (60 months) and at least 55. A full benefit at 65 or by the Rule of 90 (age + service in months).

    Member Handbook (2019), pp. 23-24; Early Retirement brochure (01/14) pp. 2-4; PERSI ACFR 2024 p. 8
  4. 4

    Apply the formula

    Average monthly salary × 2% × months ÷ 12, capped at the average monthly salary. We use the average you enter.

    Member Handbook (2019), p. 22; PERSI ACFR 2024 Summary of Plan Provisions, p. 8; PERSI FY2025 Financial Statements Note 1, p. 19 (2.0% for all members except police and fire)
  5. 5

    Cut for early retirement

    The smaller of the time to 65 and the time short of 90, through PERSI's former Table A factors (3% a year for 5 years, then 5.75%).

    Member Handbook (2019), p. 25; Early Retirement brochure (01/14) pp. 3-4; PERSI's former rule 544 Table A, page 4 (DLC on or after Oct. 1, 1994), Idaho Administrative Bulletin Vol. 23-11 (Nov. 1, 2023), Docket 59-0101-2301
  6. 6

    Price the options

    Options 1 and 2 with former Table C (by the age gap, rounded to the nearest year); Options 3, 4a and 4b add your Social Security estimate × former Table B (by the time to your Social Security full retirement age).

    PERSI's former rule 544 Table C, page 3 (retiring on or after July 1, 2011), Admin. Bulletin Vol. 23-11; same table on HB p. 28 ('Amended 2-1-2011'); PERSI's former rule 544 Table B, pages 1-3, Admin. Bulletin Vol. 23-11; method on HB p. 29 (sample estimate) and Retirement Options brochure p. 7
  7. 7

    Project the PAA

    Only the 1% minimum, prorated 1/12 a month in the first year.

    PERSI ACFR 2024 Summary of Plan Provisions, p. 9; PERSI FY2025 Financial Statements Note 1, p. 19; PAA FAQ web page; Member Handbook (2019), p. 52

What the calculator doesn't cover

How we check the math

The calculator runs on a small engine that reads every rule from one data file, with a source for each. Automated tests check it against every worked example in our PERSI sources. The tests run every time the site is built.

How we check the math (Idaho PERSI)
ExamplePERSI showsOur engine
Handbook sample: Regular allowanceMember Handbook (2019), p. 29, sample retirement estimate (form RS120)$1,350.46$1,350.46Match
Handbook sample: early factorMember Handbook (2019), p. 29, sample retirement estimate (form RS120)0.6540.654Match
Handbook sample: Option 1Member Handbook (2019), p. 29, sample retirement estimate (form RS120)$1,165.45$1,165.45Match
Handbook sample: Option 2 (annuitant)Member Handbook (2019), p. 29, sample retirement estimate (form RS120)$629.32$629.32Match
Handbook sample: Option 3, thenMember Handbook (2019), p. 29, sample retirement estimate (form RS120)$1,926.46 / $426.46$1,926.46 / $426.46Match
Handbook sample: Option 4b, then (annuitant)Member Handbook (2019), p. 29, sample retirement estimate (form RS120)$917.32 / $167.32$917.32 / $167.32Match
Options brochure (2011): early factorRetirement Options brochure (01/14) p. 7, estimate dated May 21, 20110.8500.850Match
Options brochure (2011): Option 4b, thenRetirement Options brochure (01/14) p. 7, estimate dated May 21, 2011$1,720 / $422$1,720 / $422Match
Handbook comparison chart: Option 3Member Handbook (2019), p. 30, comparison of options (member 55, CA 54, Social Security $1,200, Regular $1,000)$1,541$1,541Match
Early Retirement brochure: monthly benefitEarly Retirement brochure (01/14) p. 5 (image)$818.60$818.60Match
Reduction table, 1 to 10 yearsMember Handbook (2019), p. 25, reduction table for DLC on or after Oct. 1, 199410 rows10 matchMatch
2026 PAA multipliers2026 PAA Follow-Up (Mar. 3, 2026), multiplier table13 rows13 matchMatch
Disability service at 50 with 120 monthsDisability flyer (Nov. 2021); Member Handbook (2019), pp. 35-37, 61 (glossary example: 120 months at age 50 plus 180 projected months = 300 months)300 months300 monthsMatch

The options brochure and the handbook's comparison chart round to whole dollars; we compare in whole dollars.

What to check with PERSI

These points aren't settled by the sources. Each is labeled "Check with PERSI" wherever it appears.

Option and early-retirement factors Check with PERSI

Docket 59-0101-2301 deleted rule 544 (Tables A, B and C) effective July 1, 2024, and the current IDAPA rules print no factors, yet HB says factors are set by rule. The engine uses the deleted tables; PERSI may now use different factors.

We use the factor tables from PERSI's former rule 544, which reproduce PERSI's own sample estimates. Every option amount and early cut on this site carries this label.

What would settle it: A current PERSI factor table or a 2025-2026 RS120 estimate from PERSI.

How PERSI counts your age Check with PERSI

The engine counts age to the end of the month before retirement (derived from two worked examples). No source states the method in words.

We count your age in whole months up to the end of the month before your benefits start, so the month you reach an age counts as reached.

What would settle it: PERSI's written method, or an estimate for a member born on the 1st of a month.

Age difference for survivor options Check with PERSI

Two examples fit rounding to the nearest year (4 months to 0, 9 months to 1); a 6-month difference is not covered.

We round the age gap between you and your contingent annuitant to the nearest whole year (6 months rounds up).

What would settle it: PERSI's method or an estimate with a 6-month age difference.

The benefit cap Check with PERSI

Sources disagree between the 42-month average, the 36-month average and a 3-year average.

We cap the estimate at the average monthly salary you enter (the 42-month average). Few teachers come near the cap.

What would settle it: Idaho Code 59-1342 text (could not be downloaded).

The minimum benefit Check with PERSI

The ACFR gives $30.29 per year of service without saying monthly or annual; the engine does not apply it.

We don't apply the minimum benefit; it only matters for very small pensions.

What would settle it: Idaho Code 59-1342 text or a PERSI publication stating the period.

Idaho law text Check with PERSI

legislature.idaho.gov dropped the connection; statute numbers are as PERSI quotes them.

We quote Idaho Code section numbers as PERSI's own publications give them.

What would settle it: The user downloading the sections listed in DOWNLOADS.md.

An older handbook Check with PERSI

The newest Member Handbook found is the July 2019 revision; options and early-retirement brochures are dated 01/14.

We use the 2019 handbook for rules that newer PERSI flyers, web pages and financial reports don't change, and the newer source where they do.

What would settle it: A newer handbook from PERSI, if one exists.

The 2026 return-to-work law (SB 1276) Check with PERSI

Known only from PERSI's web page summary; the bill text was not downloaded.

We repeat PERSI's web page summary and label it.

What would settle it: SB 1276 (2026) as enacted.

Future cost-of-living increases Check with PERSI

Only the 1% mandatory PAA is assured, and only when the CPI-U rises 1% or more; Board increases are discretionary.

Our projections assume only the 1% minimum PAA. Anything more is up to the PERSI Board and the Legislature.

What would settle it: Nothing; projections stay labeled as estimates.

Where PERSI's sources disagree

Sources

Idaho Code sections are quoted as PERSI's publications give them; the Idaho Legislature's site couldn't be downloaded for this review.

Source: PERSI Member Handbook, Handbook revision July 2019, pp. 10, 22, 23-24, 25, 29, 30, 35-37, 52, 61. Also: PERSI Credited Service flyer; Early Retirement brochure (01/14); PERSI ACFR (FY2024); PERSI Financial Statements (FY2025); Idaho Administrative Bulletin, Nov. 1, 2023 (former rule 544); Retirement Options brochure (01/14); PERSI PAA notices and web page; PERSI Disability flyer (Nov. 2021). Last reviewed .