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ID S1132

ID S1132
Relates to the appropriation to the Public Employee Retirement System of Idaho for fiscal year 2024.


summary

Introduced
03/01/2023
In Committee
03/15/2023
Crossed Over
03/07/2023
Passed
03/16/2023
Dead
Signed/Enacted/Adopted
03/20/2023

Introduced Session

2023 Regular Session

Bill Summary

APPROPRIATIONS -- PERSI -- Relates to the appropriation to the Public Employee Retirement System of Idaho for fiscal year 2024.

AI Summary

This bill appropriates a total of $13,629,000 to the Public Employee Retirement System of Idaho (PERSI) for fiscal year 2024. * **Retirement Administration:** $12,408,900 is appropriated for retirement administration expenses. This includes $6,478,600 for personnel, $5,652,900 for operating expenditures, and $200,500 for capital outlay, all from the PERSI Administrative Fund. An additional $76,900 is appropriated from the Judges' Retirement Fund. * **Portfolio Investment:** $1,220,100 is appropriated for portfolio investment expenses, including $976,600 for personnel, $224,600 for operating expenditures, and $18,900 for capital outlay, all from the PERSI Special Fund. * **Full-Time Equivalent Positions:** PERSI is authorized to have up to 81.00 full-time equivalent positions during the fiscal year, unless otherwise authorized by the Governor. * **Continuous Appropriation for Investment Expenses:** Funds for other investment expenses related to the Portfolio Investment Program are continuously appropriated as provided by Idaho law.

Committee Categories

Budget and Finance, Justice

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Finance Committee (Senate)

Last Action

Session Law Chapter 85 Effective: 07/01/2023 (on 03/20/2023)

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