Bill > H0543

This bill amends existing Idaho law concerning the Public Employee Retirement System to revise provisions related to qualified pre-tax contributions and investment earnings, as well as certain qualified Roth contributions and investment earnings within supplemental benefit plans. Specifically, it updates the language to ensure compliance with current and future amendments to sections of the Internal Revenue Code (IRC) that govern these types of retirement savings plans, including sections 401(a), 401(k), and 402A, which deal with qualified retirement plans, cash or deferred arrangements, and Roth contributions, respectively. The bill also declares an emergency and sets an effective date of July 1, 2026, meaning these changes will take effect on that date.

Business and Industry

Commerce and Human Resources Committee (House)

https://legislature.idaho.gov/sessioninfo/2026/legislation/H0543/