Section 59.01.01.552 - SICK LEAVE FUNDING RATESThe sick leave pools shall be funded by employer contributions as follows:
01.State Agencies and Junior College Districts. All employer groups participating in the pools established by Sections 33-2109A and 67-5333, Idaho Code, shall contribute point sixty-five percent (.65%) of employee covered payroll.02.Schools. All employer groups participating in the pool established by Section 33-1228, Idaho Code, shall contribute the percentage of employee covered payroll based on the number of days of paid sick leave permitted during the contract year for certified teachers as set forth in the following table: Beginning: | July 1, 2006 |
9-10 days | 1.16% |
11-14 days | 1.26% |
More than 14 days | Individual rate to be set by the Retirement Board based on current cost and actuarial data and reviewed annually |
Where a four (4) day work week or similar policies have been adopted, adjustments shall be made to convert the number of days of paid sick leave to the contribution level necessary to maintain equity within the pool.
03.Subdivisions. All political subdivision or government entity groups participating in the pool established by Section 59-1365, Idaho Code, shall make contributions as provided in Section 578.Idaho Admin. Code r. 59.01.01.552