2017 RETIREE INFORMATION

  • Any certified, classified or administrators thinking and planning to retire please notify your supervisor/principal, by submitting a retirement letter, as soon as possible so we can move forward with a replacement for your position. 
     
  • About six (6) months prior to your anticipated retirement, contact PERSI by calling 334-3365 or visit their website at www.persi.idaho.gov for a benefit estimate.  If you have already received a benefit estimate (not an annual account statement), and you are going to retire on the date specified in the estimate, contact PERSI six weeks prior to retirement to receive a retirement application and to set up an appointment to finalize your paperwork.  Minimum age to retire with PERSI is age 55 in order to receive a monthly retirement benefit.
  • Human Resources will contact you once your retirement letter/termination paperwork is received with additional information.

How to figure Sick Leave Entitlement: 

Certified Staff:  The balance of your remaining sick days can be used to continue your benefits.   Take unused sick days times .5 times current daily rate of pay equals amount available to purchase benefits.  To calculate your sick days divide your total sick hours by the number of hours you work per day.  If you work less than a 5 day week please contact Kesha Lee, Human Resources Department, to calculate your sick days.  After that sum is exhausted, you may continue these benefits by paying with your retirement funds.

Classified Staff: The balance of your remaining sick days can be used to continue your benefits.   Take unused sick hours times .5 times current hourly rate of pay equals amount available to purchase retiree insurance.  After that sum is exhausted, you may continue these benefits by paying with your retirement funds.

You may continue any combination of group benefits that you wish:  medical, vision, dental, and life (if applicable).
2017 district retiree insurance monthly premiums:  (subject to change)
 

 

Blue Cross Medical (under age 65)

Willamette Dental

Delta Dental

United Heritage VSP Vision

Retiree

$581.83

$49.10

$35.82

$6.23

Retiree + Spouse

$1,281.77

$95.80

$72.49

$12.45

Retiree + Child

$700.05

$95.80

$72.49

$13.34

Retiree + Children

$825.18

$171.90

$123.64

$13.34

Retiree + Spouse + Child

$1,399.99

$171.90

$123.64

$21.32

Family

$1,525.12

$171.90

$123.64

$21.32

 
 
$50,000 Term Life Insurance for employee is $26.50. This coverage reduces to 65% or valued at $32,500 at age 65 and terminates at age 70.

Retirees age 65  and older may continue with health insurance but it transitions to Medicare and you may purchase a Statewide Schools Retiree plan or a Medicare Advantage plan offered by Blue Cross of Idaho to act as a secondary policy to Medicare (this DOES NOT apply to those retirees currently on a spouse’s insurance plan, either with the district or other agency).   Dental and vision insurance is a lifetime benefit as long as the retiree is willing to continue to pay the premium.

Inquire about current rates for the Statewide School Retiree plan, Medicare Advantage plans or Prime 65 plans offered by Blue Cross of Idaho (vary by year) by calling (208) 345-4550 or visit Blue Cross of Idaho’s website www.bcidaho.com/medicare to make an informed decision. These premiums may be deducted from retiree’s sick leave entitlement fund at PERSI or be billed directly. A retiree will need to know which plan they intend to sign up for at the time of the district retiree meeting even if Blue Cross requires a separate application.

Be sure to contact Social Security Administration for questions you have regarding Social Security benefits, and Part A, B and Part D of Medicare www.ssa.gov or www.medicare.gov.

 
Rev. 12.7.16
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