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ID S1117
Bill
Status
3/25/2015
Primary Sponsor
Finance Committee
Click for details
AI Summary
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Appropriates $7,384,500 to the Public Employee Retirement System of Idaho for the period July 1, 2015, through June 30, 2016, divided between Retirement Administration ($6,462,200) and Portfolio Investment ($922,300)
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Retirement Administration funding includes $3,803,000 for personnel costs, $2,522,700 for operating expenditures, and $136,500 for capital outlay from the PERSI Administrative Fund and Judges' Retirement Fund
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Portfolio Investment funding of $922,300 comes from the PERSI Special Fund for administrative costs of the Portfolio Investment Program
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Authorizes no more than 65 full-time equivalent positions at any point during fiscal year 2016, unless specifically authorized by the Governor, with the Joint Finance-Appropriations Committee to be notified of any increases
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Designates appropriated Portfolio Investment Program moneys for administrative costs only, while other investment expenses remain perpetually appropriated to the Public Employee System Board
Legislative Description
Appropriates $7,384,500 to the Public Employee Retirement System of Idaho for fiscal year 2016; limits the number of authorized full-time equivalent positions to 65; and provides legislative intent.
APPROPRIATIONS
Last Action
Signed by Governor on 03/25/15 Session Law Chapter 119 Effective: 07/01/2015
3/25/2015