2005 Idaho Code - 33-1004F — OBLIGATIONS TO RETIREMENT AND SOCIAL SECURITY BENEFITS

                                  TITLE  33
                                  EDUCATION
                                  CHAPTER 10
                            FOUNDATION PROGRAM --
                          STATE AID -- APPORTIONMENT
    33-1004F.  OBLIGATIONS TO RETIREMENT AND SOCIAL SECURITY BENEFITS. 1.
Based upon the actual salary-based apportionment, as determined in section
33-1004E, Idaho Code, there shall be allocated that amount required to meet
the employer's obligations to the public employee retirement system and to
social security.
    2.  If a district's qualifying salaries total more than the district's
salary-based apportionment, there shall be allocated an additional amount to
meet the employer's obligation to the public employee retirement system and to
social security equal to two-thirds (2/3) of the additional obligation for the
school year 1994-95. If a district's qualifying salaries total more than the
district's salary-based apportionment, there shall be allocated an additional
amount to meet the employer's obligation to the public employee retirement
system and to social security equal to one-third (1/3) of the additional
obligation for the school year 1995-96. Thereafter, the benefit allocation
shall be based solely upon the provisions of subsection 1. of this section.