Retirement Plans

Professional Staff and Faculty are set up on a Fidelity 401(a) account. The employee contribution rate is 6.97% and is matched by the employer at 10.76%. Employees are vested immediately. New employees who are vested in the Public Employee Retirement System of Idaho (PERSI) are eligible to continue their participation in PERSI upon hire as Professional Staff or Faculty members.

To schedule a one-on-one meeting with a representative, please visit www.fidelity.com/schedule or call 800-642-7131. (The employer name on the scheduling site is Idaho State Board of Education)

To enroll in the NetBenefits website with Fidelity, click here!

Classified Staff have one retirement plan, Public Employee Retirement System of Idaho (PERSI). The employee contribution rate is 7.18% and is matched by the employer at 11.96%. Employees are vested after 60 months of credited state service.

In addition to their regular retirement, benefit eligible employees can also choose from several voluntary supplemental retirement plans (401(k), 403(b), or 457) to put away additional funds.  These retirement companies include TIAA, Corebridge, Vanguard, Fidelity, and PERSI Choice.

All employees who are paid by the State of Idaho (whether full-time, part-time, or non-benefitted) can enroll in a PERSI Choice 401(k) Plan or Nationwide Deferred Compensation 457(b).

How to Enroll or Update Contributions:

Employees can enroll or change contribution elections by completing a Voluntary Retirement Life Event on the Benefits page in Luma.

• QRG: Enroll, Make Changes, or Withdraw from Voluntary Retirement Elections.

• Payroll deductions will begin on the next available pay date, or on the effective date selected in the Life Event.
• New enrollees will receive follow-up information directly from the vendor to help set up their online account.

For more information about Voluntary Retirement Plan options, including resources and upcoming webinars, visit the following:

• Nationwide 457(b): State of Idaho Deferred Compensation Plan
• PERSI Choice 401(k): Choice Plan Information and “The Roth Option” flyer from Empower