ID H0372

Amends Section 59-1311, Idaho Code regarding the Public Employee Retirement Fund to clarify that actuarial advisory services are eligible expenses from the portfolio investment expense account.

Expands the definition of investment and actuarial management personnel to include staff positions classified at pay grades N through V by the division of human resources.

Makes investment and actuarial management personnel exempt from civil service provisions under chapter 53, title 67, Idaho Code and section 67-3519, Idaho Code, allowing them to be hired by and serve at the pleasure of the board.

Requires quarterly reporting of all portfolio investment expense account expenditures to the legislature and the division of financial management in the office of the governor.