Bill

Bill > S1409


ID S1409

ID S1409
Relates to the appropriation to the Public Employee Retirement System for fiscal year 2025.


summary

Introduced
03/05/2024
In Committee
03/15/2024
Crossed Over
03/11/2024
Passed
03/19/2024
Dead
Signed/Enacted/Adopted
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)

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