Terms Used In Idaho Code 59-1392

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Employee: means :
Idaho Code 59-1302
  • Employee system: means the retirement system created by and existing through the provisions of chapter 13, title 59, Idaho Code. See Idaho Code 59-1381
  • Firefighter: means :
    • Idaho Code 59-1302
  • Fund: means the public employee retirement fund established by this chapter. See Idaho Code 59-1302
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Retirement: means the acceptance of a retirement allowance under this chapter upon termination of employment and, unless otherwise provided by law, requires a termination of employment from an employer participating in PERSI, the judges retirement fund, the firefighters retirement fund or the optional retirement plan. See Idaho Code 59-1302
  • system: means the public employee retirement system of Idaho. See Idaho Code 59-1302
    • All of the funds, assets, liabilities, duties, obligations and rights provided for by chapter 14, title 72, Idaho Code, shall be transferred to, and integrated with, the employee system on October 1, 1980. Benefits payable to firefighter members shall become the obligation of the employee system on October 1, 1980. Cash on hand in the firefighters’ retirement fund shall be deposited to the credit of the public employee retirement fund as provided in section 59-1311, Idaho Code.