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ID H0659
Bill
AI Summary
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Appropriates $6,569,600 total to the Public Employee Retirement System for fiscal year 2011 (July 1, 2010 - June 30, 2011), comprised of $3,809,100 for personnel costs, $2,747,900 for operating expenditures, and $12,600 for capital outlay
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Allocates $5,712,300 from the PERSI Administrative Fund for Retirement Administration and $857,300 from the PERSI Special Fund for Portfolio Investment Program
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Limits the Public Employee Retirement System to no more than 63 full-time equivalent positions during the fiscal year, unless specifically authorized by the Governor
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Clarifies that appropriated moneys for the Portfolio Investment Program cover only administrative costs, while other investment expenses are perpetually appropriated to the PERSI Board under separate code sections
Legislative Description
Appropriates $6,569,600 to the Public Employee Retirement System for fiscal year 2011; limits the number of full-time equivalent positions to 63; and clarifies the appropriation for the Portfolio Investment Program.
APPROPRIATIONS
Last Action
Governor signed Session Law Chapter 188 Effective: 07/01/10
3/31/2010