Idaho § 72-1435 VOLUNTARY RETIREMENT — YEARS OF SERVICE DETERMINE PENSION BENEFIT

Idaho Statutes

§ 72-1435 — VOLUNTARY RETIREMENT — YEARS OF SERVICE DETERMINE PENSION BENEFIT

Idaho § 72-1435

Title 72WORKER’S COMPENSATION AND RELATED LAWS — INDUSTRIAL COMMISSION

Ch. 14FIREMEN’S RETIREMENT FUND

This text of Idaho § 72-1435 (VOLUNTARY RETIREMENT — YEARS OF SERVICE DETERMINE PENSION BENEFIT) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 72-1435 (2026).

Text

(1)Any Option I firefighter, as provided in section 72-1434, Idaho Code, who has had the contributions remitted as provided in sections 72-1431 and 72-1432, Idaho Code, for the same number of years as he claims for service as a paid firefighter in Idaho, may at his option retire, and upon retirement shall be paid from the public employee retirement account a monthly sum during the remainder of his life equal to:

(a)after twenty (20) years of service and contributions, forty percent (40%) of the average paid firefighter’s salary or wage; or

(b)after twenty-one (21) years of service and contributions, forty-five percent (45%) of the average paid firefighter’s salary or wage; or

(c)after twenty-two (22) years of service and contributions, fifty percent (50%) of the average paid firefighte

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(1) Any Option I firefighter, as provided in section 72-1434, Idaho Code, who has had the contributions remitted as provided in sections 72-1431 and 72-1432, Idaho Code, for the same number of years as he claims for service as a paid firefighter in Idaho, may at his option retire, and upon retirement shall be paid from the public employee retirement account a monthly sum during the remainder of his life equal to:
(a) after twenty (20) years of service and contributions, forty percent (40%) of the average paid firefighter’s salary or wage; or
(b) after twenty-one (21) years of service and contributions, forty-five percent (45%) of the average paid firefighter’s salary or wage; or
(c) after twenty-two (22) years of service and contributions, fifty percent (50%) of the average paid firefighter’s salary or wage; or
(d) after twenty-three (23) years of service and contributions, fifty-five percent (55%) of the average paid firefighter’s salary or wage; or
(e) after twenty-four (24) years of service and contributions, sixty percent (60%) of the average paid firefighter’s salary or wage; or
(f) after twenty-five (25) years of service and contributions, sixty-five percent (65%) of the average paid firefighter’s salary or wage.
All benefit payments to Option I firefighters shall be based on the average paid firefighter’s salary or wage in this state as defined in section 72-1431, Idaho Code. Option I monthly benefit payments shall vary annually according to the determination of the cost of living adjustment as set forth in section 72-1471, Idaho Code.
(2) Any Option II firefighter, as provided in section 72-1434, Idaho Code, who has had the contributions remitted as provided in sections 72-1431 and 72-1432, Idaho Code, for the same number of years as he claims for service as a paid firefighter in Idaho, may at his option retire, and upon retirement shall be paid from the public employee retirement account a monthly sum during the remainder of his life equal to:
(a) after twenty (20) years of service and contributions, forty percent (40%) of his average salary or wage; or
(b) after twenty-one (21) years of service and contributions, forty-five percent (45%) of his average salary or wage; or
(c) after twenty-two (22) years of service and contributions, fifty percent (50%) of his average salary or wage; or
(d) after twenty-three (23) years of service and contributions, fifty-five percent (55%) of his average salary or wage; or
(e) after twenty-four (24) years of service and contributions, sixty percent (60%) of his average salary or wage; or
(f) after twenty-five (25) years of service and contributions, sixty-five percent (65%) of his average salary or wage.
All benefit payments to Option II firefighters shall be based on his average final compensation as defined in section 72-1404, Idaho Code. Option II monthly benefit payments shall vary annually according to the determination of the cost of living adjustment as set forth in section 72-1471, Idaho Code.