Application for Retirement (RS121) - PERSI - Idaho 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out the Member Information section. Enter your full name, Social Security Number, mailing address, and contact details. Ensure accuracy as this information is crucial for processing your application.
  3. In the Retirement Benefit Payment Options section, select your preferred retirement option by checking the appropriate box. If you choose Options 1, 2, 4A, or 4B, complete the Contingent Annuitant Selection section with their details.
  4. For direct deposit authorization, fill in the Financial Institution Information. Attach a voided check if using a checking account to ensure correct routing.
  5. Complete the Member Acknowledgment and have it notarized. If married, ensure your spouse completes their acknowledgment before a notary as well.
  6. Review all sections for completeness and accuracy before saving your document. Keep a copy for your records and submit the original to PERSI.

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If you are no longer employed by a PERSI employer, you are able to make a withdrawal from your PERSI Choice 401(k) Plan account. To initiate a withdrawal, simply call Empower Retirement at 866-437-3774 or log in to your Choice 401(k) Plan Account. Once your account balance goes to zero, its closed.
The Rule of 90 provision allows a person to retire with an unreduced retirement annuity when the persons combined age and service total at least 90.
Four Social Security Mistakes That Could Cost You $100,000 or Miscalculating your Full Retirement Age (FRA) Claiming benefits too early. Forgetting to factor in your life expectancy age. Not understanding the basics of Social Security.

People also ask

Windfall elimination provision The WEP may apply if you receive both a pension and Social Security benefits. In that case, the WEP can reduce your Social Security payments by up to 50% of your pension amount. This reduction is known as the WEP PIA.
When you docHub SSFRA and begin receiving your Social Security benefit, the PERSI amount is reduced although your income remains somewhat constant. The accelerated amount is based on the number of years and months you are away from SSFRA when you retire under PERSIs plan.
PERSI retirement benefits are generally taxable under the IRS tax code. Benefits paid to Idaho residents are generally subject to the State of Idaho income tax.
When you retire as a vested member, PERSI will pay you a benefit every month for as long as you live and, if you select a retirement option with a survivor benefit, your Contingent Annuitant will receive a lifetime bene- fit after your death.

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