ID H0617

Appropriates $13,442,000 to the Public Employee Retirement System of Idaho for fiscal year 2013, comprised of $4,043,600 for personnel costs, $9,222,400 for operating expenditures, and $176,000 for capital outlay.

Limits the Public Employee Retirement System of Idaho to no more than 63 full-time equivalent positions during July 1, 2012, through June 30, 2013, unless specifically authorized by the Governor.

Directs state agencies and institutions to use excess personnel cost appropriations or salary savings from turnover for merit increases and provides 2 percent pay increases for all classified and nonclassified permanent performing employees.

Requires the Department of Administration to maintain the current health insurance benefit package to the extent possible, which may require cost sharing by employees for increased insurance costs.

Clarifies that moneys appropriated for the Portfolio Investment Program cover only administrative costs, while other investment expenses are perpetually appropriated to the Public Employee Retirement System Board.