Examples of Base Plan in a sentence
The Base Plan is required to provide a 1% minimum cost of living increase per year provided the Consumer Price Index increases 1% or more.
State law requires that two members of the Board be active Base Plan members with at least ten years of service and three members who are Idaho citizens not members of the Base Plan except by reason of having served on the Board.
For more information on cost responsibility for Base Plan and Supplemental Upgrades, see Attachment T to Entergy’s OATT.
The benefit payments for the Base Plan are calculated using a benefit formula adopted by the Idaho Legislature.
Responsibility for administration of the Base Plan is assigned to the Board comprised of five members appointed by the Governor and confirmed by the Idaho Senate.