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ID HCR042
Concurrent Resolution
AI Summary
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Amends the retroactive cost of living adjustment approved by the Public Employee Retirement System Board in December 2009 to 1.5022%, effective March 1, 2010
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Legislature asserts authority under Section 59-1355, Idaho Code, subsection (7) to amend or reject cost of living adjustments by concurrent resolution
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Cites national and state economic conditions requiring reductions across state and local government services as justification for the amendment
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Notes that most active state and local government employees received no compensation increases or saw reduced compensation in the current fiscal year
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References scheduled increases to retirement contribution rates for both employees and employers in fiscal year 2012 as additional fiscal pressure on government resources
Legislative Description
Stating findings of the Legislature and amending the PERSI retroactive cost of living adjustment to 1.5022% for retired public employees approved at the PERSI Board's December, 2009 meeting.
PERSI
Last Action
to Com/HuRes
2/19/2010