Bill
Bill > S1409
ID S1409
ID S1409Relates to the appropriation to the Public Employee Retirement System for fiscal year 2025.
summary
Introduced
03/05/2024
03/05/2024
In Committee
03/15/2024
03/15/2024
Crossed Over
03/11/2024
03/11/2024
Passed
03/19/2024
03/19/2024
Dead
Signed/Enacted/Adopted
03/21/2024
03/21/2024
Introduced Session
2024 Regular Session
Bill Summary
RELATING TO THE APPROPRIATION TO THE PUBLIC EMPLOYEE RETIREMENT SYSTEM; AP- PROPRIATING ADDITIONAL MONEYS TO THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR 2025; AND DECLARING AN EMERGENCY AND PROVIDING AN EFFEC- TIVE DATE.
AI Summary
This bill appropriates a total of $3,489,000 to the Public Employee Retirement System for fiscal year 2025.
* **Retirement Administration:** $3,455,700 is appropriated for retirement administration.
* $3,454,600 comes from the PERSI Administrative Fund, covering personnel costs ($108,900), operating expenditures ($3,000,000), and capital outlay ($345,700).
* $1,100 comes from the Judges' Retirement Fund for personnel costs.
* **Portfolio Investment:** $33,300 is appropriated for portfolio investment from the PERSI Special Fund, covering personnel costs ($14,400) and operating expenditures ($18,900).
Committee Categories
Budget and Finance, Justice
Sponsors (2)
Other Sponsors (1)
Finance Committee (Senate)
Last Action
Session Law Chapter 125 Effective: 07/01/2024 (on 03/21/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2024/legislation/S1409/ | 03/05/2024 |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/S1409SOP.pdf | 03/05/2024 |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/S1409.pdf | 03/05/2024 |
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