2013 Idaho Statutes
Title 1 - COURTS AND COURT OFFICIALS
Chapter 20 - JUDGES' RETIREMENT AND COMPENSATION
Section 1-2002 - JUDGES' RETIREMENT FUND -- POWERS AND DUTIES OF THE RETIREMENT BOARD -- INDEMNIFICATION.
All sums of money so accrued and accruing to the judges' retirement fund, less an amount deemed reasonable and necessary by the administrative director of the courts to pay for necessary actuarial studies to assist in administering the judges' retirement fund, are hereby appropriated to the payment of the annual retirement compensation of such retired justices and judges, and to payment of the allowances to surviving spouses.
The supreme court shall submit an annual report for each fiscal year on the status and condition of the judges' retirement fund to the chairman of the judiciary and rules committee of the senate, to the chairman of the judiciary, rules and administration committee of the house and to the chairmen of the joint finance-appropriations committee. Such report shall include a fiscal year end actuarial evaluation of the judges' retirement fund and shall include a specific report on any costs or savings arising from the retirement of persons under the provisions of subsection (2)(b) of section 1-2001, Idaho Code.
(2) The members of the retirement board, public employee retirement system staff and mortgage and investment committee members shall be provided a defense and indemnified, and the retirement board may determine to provide a defense and indemnity, or refuse a defense and disavow and refuse to pay any judgment, to the same extent as provided in section 59-1305(1), Idaho Code.
(3) All sums of money so accrued and accruing to the judges' retirement fund, less an amount deemed reasonable and necessary by the retirement board to pay for administrative expenses of the judges' retirement fund, are hereby appropriated to the payment of the annual retirement compensation of such retired justices and judges, and to payment of the allowances to surviving spouses.
(4) The retirement board shall submit an annual report for each fiscal year on the status and condition of the judges' retirement fund to the supreme court, to the chairman of the judiciary and rules committee of the senate, to the chairman of the judiciary, rules and administration committee of the house and to the chairmen of the joint finance-appropriations committee. Such report shall include a fiscal year end actuarial evaluation of the judges' retirement fund and shall include a specific report on any costs or savings arising from the retirement of persons under the provisions of subsection (2)(b) of section 1-2001, Idaho Code. The retirement board shall consult with the administrative director of the courts concerning any prospective changes or amendments to statutes and rules relating to the judges' retirement fund.
History:
[1-2002, added 1947, ch. 104, sec. 2, p. 210; am. 1965, ch. 308, sec. 3, p. 835; am. 1982, ch. 299, sec. 1, p. 761; am. 2012, ch. 330, sec. 3, p. 916; am. 2012, ch. 330, sec. 4, p. 916.]
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