Print Friendly HOUSE BILL NO. 790 – Approp, Public Employee Retirement
HOUSE BILL NO. 790
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H0790.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$5,962,500 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2001; provides legislative intent that moneys
appropriated for the Portfolio Investment Program are for administrative
costs of the program; limits the number of authorized full-time equivalent
positions to 55; and appropriates an additional $96,200 to the Public
Employee Retirement System for fiscal year 2000.
03/29 House intro - 1st rdg - to printing
03/30 Rpt prt - 2nd rdg - to 3rd rdg
Rules susp - PASSED - 62-1-7
AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Black, Boe,
Bruneel, Callister, Campbell, Chase, Cheirrett, Clark, Crow, Cuddy,
Deal, Denney, Ellsworth, Field(13), Field(20), Gagner, Gould, Hadley,
Hansen(23), Hansen(29), Henbest, Hornbeck, Jaquet, Jones(Jones),
Judd, Kellogg, Kempton, Kendell, Kunz, Linford, Loertscher, Mader,
Marley, McKague, Meyer, Montgomery, Mortensen, Pearce, Pischner,
Pomeroy, Reynolds, Ridinger, Ringo, Robison, Schaefer, Sellman,
Shepherd, Smith, Smylie, Stevenson, Stoicheff, Stone, Tilman, Trail,
Wheeler, Wood, Zimmermann
NAYS -- Sali
Absent and excused -- Geddes, Hammond, Lake, Moss, Moyle, Taylor, Mr
Speaker
Floor Sponsor - Pomeroy
Title apvd - to Senate
Senate intro - 1st rdg - to Fin
04/03 Rpt out - rec d/p - to 2nd rdg
04/04 2nd rdg - to 3rd rdg
04/05 3rd rdg - PASSED - 33-0-2
AYES--Andreason, Boatright, Bunderson, Burtenshaw, Cameron,
Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
Hawkins, Ingram, Keough, King-Barrutia, Lee, McLaughlin, Noh, Parry,
Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
Stennett, Thorne, Walton, Wheeler, Whitworth, Williams
NAYS--None
Absent and excused--Crow, Ipsen
Floor Sponsor - Cameron
Title apvd - to House
To enrol - rpt enrol - Sp signed - Pres signed
04/06 To Governor
04/14 Governor signed
Session Law Chapter 404
Effective: 04/14/00 - Section 4
07/01/00 - All others
H0790
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 790
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2001; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO INVESTMENT PROGRAM;
4 LIMITING THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS; APPROPRIATING ADDI-
5 TIONAL MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
6 2000; AND DECLARING AN EMERGENCY FOR SECTION 4 OF THIS ACT.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. There is hereby appropriated to the Office of the Governor for
9 the Public Employee Retirement System the following amounts, to be expended
10 for the named programs according to the designated expense classes from the
11 listed funds for the period July 1, 2000, through June 30, 2001:
12 FOR FOR FOR
13 PERSONNEL OPERATING CAPITAL
14 COSTS EXPENDITURES OUTLAY TOTAL
15 I. RETIREMENT ADMINISTRATION:
16 FROM:
17 Public Employee
18 Retirement System
19 Fund $2,371,100 $2,969,100 $118,400 $5,458,600
20 II. PORTFOLIO INVESTMENT:
21 FROM:
22 Public Employee
23 Retirement System
24 Fund $ 286,900 $ 196,400 $ 13,000 $ 496,300
25 III. 401(k) ADMINISTRATION:
26 FROM:
27 PERSI 401(k) Administration
28 Fund $ 7,600 $ 7,600
29 GRAND TOTAL $2,658,000 $3,173,100 $131,400 $5,962,500
30 SECTION 2. Notwithstanding Section 59-1311(4)(d), Idaho Code, moneys
31 appropriated in Section 1 of this act for the Portfolio Investment Program are
32 for administrative costs of the Portfolio Investment Program as provided in
33 Section 59-1311(3), Idaho Code. Amounts necessary to pay all other investment
34 expenses related to the Portfolio Investment Program are perpetually appropri-
35 ated to the Public Employee Retirement System Board as provided in Section
36 59-1311(4)(a), (b) and (c), Idaho Code.
37 SECTION 3. In accordance with Section 67-3519, Idaho Code, the Public
38 Employee Retirement System is authorized no more than fifty-five (55) full-
39 time equivalent positions at any point during the period July 1, 2000, through
40 June 30, 2001, for the programs specified in Section 1 of this act, unless
41 specifically authorized by the Governor. The Joint Finance-Appropriations Com-
2
1 mittee will be notified promptly of any increased positions so authorized.
2 SECTION 4. In addition to the appropriation made in Section 1, Chapter
3 233, Laws of 1999, there is hereby appropriated to the Office of the Governor
4 for the Public Employee Retirement System for Retirement Administration, the
5 following amounts, to be expended according to the designated expense classes
6 from the listed fund for the period July 1, 1999, through June 30, 2000:
7 FROM:
8 Public Employee Retirement System Fund $96,200
9 FOR:
10 Personnel Costs $ 9,000
11 Operating Expenditures 85,000
12 Capital Outlay 2,200
13 TOTAL $96,200
14 SECTION 5. An emergency existing therefor, which emergency is hereby
15 declared to exist, Section 4 of this act shall be in full force and effect on
16 and after its passage and approval.
| Statement of Purpose |
| RS09286 |
This is the Fiscal Year 2001 appropriation for the Public Employee Retirement System of Idaho
(PERSI). This bill also includes a Fiscal Year 2000 supplemental appropriation. The PERSI budget is
funded by dedicated funds.
.
 
| FY 2000 Original Appropriation |
48.00 |
0 |
3,521,100 |
0 |
3,521,100 |
| Supplementals |
0.00 |
0 |
146,200 |
0 |
146,200 |
| FY 2000 Total Appropriation |
48.00 |
0 |
3,667,300 |
0 |
3,667,300 |
| Expenditure Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| FY 2000 Estimated Expenditures |
48.00 |
0 |
3,667,300 |
0 |
3,667,300 |
| Base Adjustments |
0.00 |
0 |
(171,300) |
0 |
(171,300) |
| FY 2001 Base |
48.00 |
0 |
3,496,000 |
0 |
3,496,000 |
| Personnel Cost Rollups |
0.00 |
0 |
29,800 |
0 |
29,800 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
78,000 |
0 |
78,000 |
| Non-Standard Adjustments |
0.00 |
0 |
3,100 |
0 |
3,100 |
| Change in Employee Compensation |
0.00 |
0 |
74,600 |
0 |
74,600 |
| FY 2001 Program Maintenance |
48.00 |
0 |
3,681,500 |
0 |
3,681,500 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Fill Vacant Deputy Position |
0.00 |
0 |
45,600 |
0 |
45,600 |
| 2. Disability Claims Determination |
0.00 |
0 |
131,500 |
0 |
131,500 |
| 3. Technology Planning & Upgrades |
0.00 |
0 |
270,000 |
0 |
270,000 |
| 4. Database Maintenance & Upgrades |
0.00 |
0 |
400,000 |
0 |
400,000 |
| 5. Backup Copies of Member Records |
0.00 |
0 |
20,400 |
0 |
20,400 |
| 6. Increase Personnel Funding |
0.00 |
0 |
35,000 |
0 |
35,000 |
| 7. 401k Program Participation Increases |
0.00 |
0 |
2,500 |
0 |
2,500 |
| 8. HB 510 Fiscal Impact of Gainsharing |
7.00 |
0 |
1,376,000 |
0 |
1,376,000 |
| FY 2001 Total |
55.00 |
0 |
5,962,500 |
0 |
5,962,500 |
| Chg from FY 2000 Orig Approp |
7.00 |
0 |
2,441,400 |
0 |
2,441,400 |
| % Chg from FY 2000 Orig Approp. |
14.6% |
0 |
69.3% |
0 |
69.3% |
This FY 2001 appropriation funds eight enhancements. The first provides funding to allow
PERSI to fill a Deputy Director position that has long been vacant. The second provides funding
to allow PERSI to contract for expert advice in the area of disability claims determination.
The third and fourth enhancements relate to technology planning and upgrades to PERSI’s computer
system. The fifth enhancement provides funding to create backup copies of all members records.
The sixth enhancement provides additional personnel dollars for the Portfolio Management
program. The seventh increases the spending authority of the 401k program to reflect increasing
employee participation. The last enhancement provides seven new positions and the contract
programming services necessary to implement the gainsharing system outlined in HB 510 by the
January 1, 2001 implementation date.
This bill also provides $96,200 in Fiscal Year 2000
supplemental funds to begin the immediate implementation of the gainsharing system. Again, this
will enable PERSI to have this system ready in time for the January 1, 2001 implementation date.
Contact: Jason Hancock 334-4739
Legislative Services Office, Budget & Policy Analysis
Statement of Purpose/Fiscal Note |
Bill No. H790 |