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ID H0235
Bill
Status
3/21/2013
Primary Sponsor
Appropriations Committee
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AI Summary
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Appropriates $6,860,000 to the Public Employee Retirement System for fiscal year 2014 (July 1, 2013 through June 30, 2014), divided between Retirement Administration ($5,979,400) and Portfolio Investment ($880,600)
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Authorizes no more than 63 full-time equivalent positions during the fiscal year, unless specifically authorized by the Governor, with the Joint Finance-Appropriations Committee to be notified of any increases
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Designates appropriated funds for Portfolio Investment Program as administrative costs only, with other investment expenses perpetually appropriated to the Public Employee System Board under existing Idaho Code provisions
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Encourages agency directors and executives to use salary savings from turnover, attrition, or reorganization efforts to provide merit increases and target below-policy compensation for state employees
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Directs agencies to use one-time funding for one-time payments and ongoing funding for permanent pay increases
Legislative Description
Appropriates $6,860,000 to the Public Employee Retirement System of Idaho for fiscal year 2014; limits the number of authorized full-time equivalent positions to 63; provides legislative intent; and provides guidance for employee compensation.
APPROPRIATIONS
Last Action
Reported Signed by Governor on March 21, 2013 Session Law Chapter 118 Effective: 07/01/13
3/21/2013