2010 Idaho Code
TITLE 33 EDUCATION
CHAPTER 10 FOUNDATION PROGRAM -- STATE AID -- APPORTIONMENT
33-1004F OBLIGATIONS TO RETIREMENT AND SOCIAL SECURITY BENEFITS.
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.
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