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H0657.......................................by COMMERCE AND HUMAN RESOURCES
PUBLIC EMPLOYEE RETIREMENT SYSTEM - Adds to existing law to provide for the
purchase of Public Employee Retirement System membership service for
certain active duty service in the armed forces.
02/22 House intro - 1st rdg - to printing
02/23 Rpt prt - to Com/HuRes
03/02 Rpt out - rec d/p - to 2nd rdg
03/03 2nd rdg - to 3rd rdg
03/08 3rd rdg - PASSED - 67-0-3
AYES -- Alltus, Barraclough(Barraclough), Barrett, Bell, Bieter,
Black, Boe, Bruneel, Callister, Campbell, Chase, Cheirrett, Clark,
Crow, Cuddy, Deal, Denney, Ellsworth, Field(13), Field(20), Gagner,
Geddes, Gould, Hadley, Hammond, Hansen(23), Hansen(29), Henbest,
Hornbeck, Jaquet, Jones, Judd, Kellogg, Kempton, Kendell, Kunz, Lake,
Linford, Loertscher, Mader, Marley, McKague, Meyer, Montgomery, Moss,
Moyle, Pearce, Pomeroy, Reynolds, Ridinger, Ringo, Robison, Sali,
Schaefer, Sellman, Shepherd, Smylie, Stevenson, Stoicheff, Stone,
Taylor, Tilman, Trail, Wheeler, Wood, Zimmermann, Mr Speaker
NAYS -- None
Absent and excused -- Mortensen, Pischner, Smith
Floor Sponsor - Clark
Title apvd - to Senate
03/09 Senate intro - 1st rdg - to Com/HuRes
03/17 Rpt out - rec d/p - to 2nd rdg
03/20 2nd rdg - to 3rd rdg
03/30 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
Hawkins, Ingram, Ipsen, Keough, King-Barrutia, Lee, McLaughlin, Noh,
Parry, Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
Stennett, Thorne, Wheeler, Whitworth, Williams
NAYS -- None
Absent and excused -- None
Floor Sponsor - Thorne
Title apvd - to House
03/31 To enrol
04/03 Rpt enrol - Sp signed
04/04 Pres signed - to Governor
04/13 Governor signed
Session Law Chapter 281
Effective: 07/01/00
H0657
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 657
BY COMMERCE AND HUMAN RESOURCES COMMITTEE
1 AN ACT
2 RELATING TO THE PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO; AMENDING CHAPTER
3 13, TITLE 59, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 59-1362, IDAHO
4 CODE, TO PROVIDE FOR THE PURCHASE OF MEMBERSHIP SERVICE FOR CERTAIN ACTIVE
5 DUTY SERVICE IN THE ARMED FORCES, TO PROVIDE REQUIREMENTS AND LIMITATIONS
6 AND TO PROVIDE A DEFINITION.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Chapter 13, Title 59, Idaho Code, be, and the same is
9 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
10 ignated as Section 59-1362, Idaho Code, and to read as follows:
11 59-1362. PURCHASE OF ACTIVE DUTY SERVICE IN THE ARMED FORCES. (1) Not-
12 withstanding any other provision of this chapter, an active member who is
13 vested may purchase membership service for active duty service in the armed
14 forces of the United States that does not qualify for "military service" as
15 defined in section 59-1302(23), Idaho Code. Provided, the combined amount of
16 membership service acquired under section 59-1302(23), Idaho Code, and pur-
17 chased under this section shall not exceed forty-eight (48) months.
18 (2) Purchases under this section are limited to active members who pro-
19 vide, as required by the board, evidence of such active duty service and who
20 do not have a vested right to retirement benefits in any other retirement sys-
21 tem based in whole or in part upon the same active duty service.
22 (3) The cost of purchases under this section shall be the full actuarial
23 costs of the service as determined by the board. The board may provide for
24 payment options, including periodic payments, but no service shall be credited
25 until payment has been made in full. The member shall be solely responsible
26 for the costs of such purchased service, except that an employer may partici-
27 pate in the costs at its option.
28 (4) For purposes of this section, "active duty service in the armed
29 forces of the United States" means active duty, other than primarily for
30 training purposes, in the army, navy, air force, marine corps or coast guard,
31 concluding with other than a dishonorable discharge.
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STATEMENT OF PURPOSE
RS 09976
The PERSI retirement plan currently provides membership service for certain limited active duty
service in the armed forces at no cost to qualified members. However, this service is limited to
service that interrupts employment with PERSI employers. This bill permits an active member in
the PERSI system to purchase membership service for active duty service in the armed forces
that commenced on or after July 1, 1965 and is otherwise outside the scope of service available at
no cost. The cost of the purchased service is the unsubsidized full actuarial cost of providing the
additional benefit. In no event can the combined amount of membership service acquired at no
cost, together with service purchased under this section, exceed forty-eight (48) months.
FISCAL IMPACT
There will be no fiscal impact to the General Fund. There is no costs to the retirement fund
because members must pay the full actuarial costs of the service. There will be additional
administrative costs to PERSI anticipated due to increased services associated with a purchase
plan. These include providing additional and multiple retirement estimates, setting up payment
arrangements, and verifying military service. Estimated costs are $42,000 annually, plus $11,900
initial setup costs.
Contact
Name: Representative Jim Clark
Senator J.L. "Jerry" Thorne
Phone: 332-1000
STATEMENT OF PURPOSE/FISCAL NOTE Bill No. H 657