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Click ‘Get Form’ to open the persi application in the editor.
Begin by filling out the Member Information section. Enter your full name, Social Security Number, mailing address, and contact details. Ensure all information is accurate.
In the Retirement Benefit Payment Options section, select your preferred retirement option by checking the appropriate box. If applicable, initial next to your choice.
If you selected Option 1, 2, 4A, or 4B, complete the Contingent Annuitant Selection section with the required details of your chosen annuitant.
For direct deposit authorization, fill in the Financial Institution Information section and attach a voided check or relevant documentation as instructed.
Complete the Member Acknowledgment and have it notarized. If married, ensure your spouse completes their acknowledgment before a notary as well.
Review all entries for accuracy and completeness before saving your document. Keep a copy for your records and submit the original form to PERSI.

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2015	4.3 Satisfied (140 Votes)

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When should you start your social security retirement application?

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.

Who is eligible for PERSI?

The Public Employee Retirement System of Idaho (PERSI) is a mandatory retirement plan for classified staff. Temporary hourly employees are eligible for PERSI once they meet both of the following requirements: Work 20 or more hours per week for over half the weeks in a rolling 20 week period, and.

Is PERSI a good pension?

Based on Lynns analysis: PERSI Is Falling BehindAnd Were Paying the Price PERSI used to outperform other public pension plans. Not anymore. Over the past 15 years, PERSIs investment returns have consistently lagged the national mediancosting members $270 million in FY2024 alone.

How does PERSI pay out?

When you leave PERSI-covered employment, you may withdraw your Base Plan money and any interest earned or you may choose to leave your contributions and interest in PERSI until a future date or until you retire. If you withdraw your funds, tax penalties and withholdings may apply.

What happens to my PERSI if I quit?

PERSI RETIREMENT PLAN When you earn 60 months of service credit, you will be vested to receive a lifetime benefit at retirement. The 60-month vesting period (5 months for elected and some ap- pointed officials) does not need to be with the same PERSI employer.