Public Employee Retirement System of Idaho (PERSI) 401(K)
Employees may make voluntary tax-deferred contributions to a 401(k) Public Employee Retirement System of Idaho (PERSI) Choice Account, up to $18,500 annually ($24,500 if you are over 50). After 12 months of service, an active PERSI member is also eligible to receive gain sharing, when funding is adequate, in the form of a contribution to their 401(k) account.
City of Lewiston employees have the option of participating in deferred compensation 457 plans which are voluntary supplemental retirement savings programs that allow the participant to make payroll deduction contributions before taxes are deducted.
All full-time employees are eligible to participate and enroll at any time during their employment with the City of Lewiston. Employees can invest the funds in a vast array of funding options to obtain the highest return on your investment.
The City works with two separate vendors for the 457 Plans: