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ID H0619
Bill
Status
Passed
3/18/2020
Primary Sponsor
Appropriations Committee
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AI Summary
- Appropriates $9,183,100 to the Public Employee Retirement System of Idaho for fiscal year 2021 (July 1, 2020 through June 30, 2021), divided into Retirement Administration ($8,112,500) and Portfolio Investment ($1,070,600)
- Retirement Administration funding includes $5,057,400 for personnel costs, $2,621,400 for operating expenditures, and $433,700 for capital outlay from the PERSI Administrative Fund and Judges' Retirement Fund
- Portfolio Investment funding includes $828,300 for personnel costs, $224,300 for operating expenditures, and $18,000 for capital outlay from the PERSI Special Fund
- Limits the Public Employee Retirement System of Idaho to no more than 73.00 full-time equivalent positions during the fiscal year, unless specifically authorized by the Governor with Joint Finance-Appropriations Committee notification
- Provides continuous appropriation authority for investment expenses related to the Portfolio Investment Program beyond the appropriated amounts
Legislative Description
Relates to the appropriation to the Public Employee Retirement System of Idaho for fiscal year 2021.
APPROPRIATIONS
Last Action
Reported Signed by Governor on March 18, 2020 Session Law Chapter 196 Effective: 07/01/2020
3/18/2020
Committee Referrals
Finance3/12/2020
Full Bill Text
No bill text available