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S1457............................................................by FINANCE
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$6,098,200 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2003; provides legislative intent that moneys
appropriated for the Portfolio Investment Program are for administrative
costs of the program; and limits the number of authorized full-time
equivalent positions to 63.
02/18 Senate intro - 1st rdg - to printing
02/19 Rpt prt - to Fin
02/19 Rpt out - rec d/p - to 2nd rdg
02/20 2nd rdg - to 3rd rdg
02/27 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Boatright, Branch(Bartlett), Brandt, Bunderson,
Burtenshaw, Cameron, Darrington, Davis, Deide, Dunklin, Frasure,
Geddes, Goedde, Hawkins, Hill, Ingram, Ipsen, Keough, King-Barrutia,
Little, Lodge, Marley, Noh, Richardson, Risch, Sandy, Schroeder,
Sims, Sorensen, Stegner, Stennett, Thorne, Wheeler, Williams
NAYS -- None
Absent and excused -- None
Floor Sponsor - Bunderson
Title apvd - to House
02/28 House intro - 1st rdg - to 2nd rdg
03/01 2nd rdg - to 3rd rdg
03/04 3rd rdg - PASSED - 63-4-3
AYES -- Aikele, Barraclough, Barrett, Bedke, Bell, Bieter, Black,
Block, Boe, Bolz, Bradford, Bruneel, Callister, Campbell, Clark,
Collins, Crow, Cuddy, Deal, Denney, Ellis, Ellsworth, Eskridge,
Field(13), Field(20), Gagner, Gould, Hadley, Henbest, Higgins,
Hornbeck, Jaquet, Jones, Kellogg(Duncan), Kendell, Kunz, Lake,
Langford, Loertscher, Martinez, McKague, Meyer, Mortensen, Moyle,
Pearce, Pischner, Pomeroy, Raybould, Ridinger, Robison, Schaefer,
Sellman, Shepherd, Smith(33), Smith(23), Smylie, Stevenson, Stone,
Tilman, Trail, Wheeler, Young, Mr. Speaker
NAYS -- Hammond, Harwood, Sali, Wood
Absent and excused -- Mader, Montgomery, Roberts
Floor Sponsor - Pischner
Title apvd - to Senate
03/05 To enrol
03/06 Rpt enrol - Pres signed
Sp signed
03/07 To Governor
03/11 Governor signed
Session Law Chapter 64
Effective: 07/01/02
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature Second Regular Session - 2002
IN THE SENATE
SENATE BILL NO. 1457
BY FINANCE COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2003; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO INVESTMENT PROGRAM;
4 AND LIMITING THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. There is hereby appropriated to the Office of the Governor for
7 the Public Employee Retirement System the following amounts to be expended for
8 the named programs according to the designated expense classes from the listed
9 funds for the period July 1, 2002, through June 30, 2003:
10 FOR FOR FOR
11 PERSONNEL OPERATING CAPITAL
12 COSTS EXPENDITURES OUTLAY TOTAL
13 I. RETIREMENT ADMINISTRATION:
14 FROM:
15 PERSI Administrative
16 Fund $2,747,000 $2,614,600 $100,000 $5,461,600
17 II. PORTFOLIO INVESTMENT:
18 FROM:
19 PERSI Special
20 Fund $ 413,300 $ 201,100 $ 14,500 $ 628,900
21 III. 401(k) ADMINISTRATION:
22 FROM:
23 PERSI 401(k) Administration
24 Fund $ 7,700 $ 7,700
25 GRAND TOTAL $3,160,300 $2,823,400 $114,500 $6,098,200
26 SECTION 2. Notwithstanding Section 59-1311(4)(d), Idaho Code, moneys
27 appropriated in Section 1 of this act for the Portfolio Investment Program are
28 for administrative costs of the Portfolio Investment Program as provided in
29 Section 59-1311(3), Idaho Code. Amounts necessary to pay all other investment
30 expenses related to the Portfolio Investment Program are perpetually appropri-
31 ated to the Public Employee Retirement System Board as provided in Section
32 59-1311(4)(a), (b) and (c), Idaho Code.
33 SECTION 3. In accordance with Section 67-3519, Idaho Code, the Public
34 Employee Retirement System is authorized no more than sixty-three (63) full-
35 time equivalent positions at any point during the period July 1, 2002, through
36 June 30, 2003, for the programs specified in Section 1 of this act, unless
37 specifically authorized by the Governor. The Joint Finance-Appropriations Com-
38 mittee will be notified promptly of any increased positions so authorized.
| Statement of Purpose |
| RS11385 |
This is the fiscal year 2003 appropriation for the Public Employee Retirement System of
Idaho (PERSI) in the amount of $6,098,200 in dedicated funds.
.
 
| Fiscal Note |
| FTP | Gen | Ded | Fed | Total |
| FY 2002 Original Appropriation |
62.00 | 0 | 5,840,900 | 0 | 5,840,900 |
| Public Employee Retirement System |
|||||
| 1. Fund Investment Officer |
1.00 | 0 | 73,300 | 0 | 73,300 |
| FY 2002 Total Appropriation |
63.00 | 0 | 5,914,200 | 0 | 5,914,200 |
| Expenditure Adjustments |
0.00 | 0 | 0 | 0 | 0 |
| FY 2002 Estimated Expenditures |
63.00 | 0 | 5,914,200 | 0 | 5,914,200 |
| Removal of One-Time Expenditures |
0.00 | 0 | (155,500) | 0 | (155,500) |
| Base Adjustments | 0.00 | 0 | 0 | 0 | 0 |
| FY 2003 Base | 63.00 | 0 | 5,758,700 | 0 | 5,758,700 |
| Personnel Cost Rollups |
0.00 | 0 | 14,200 | 0 | 14,200 |
| Inflationary Adjustments |
0.00 | 0 | 0 | 0 | 0 |
| Replacement Items | 0.00 | 0 | 114,500 | 0 | 114,500 |
| Nonstandard Adjustments |
0.00 | 0 | 93,300 | 0 | 93,300 |
| Change in Employee Compensation |
0.00 | 0 | 0 | 0 | 0 |
| FY 2003 Program Maintenance |
63.00 | 0 | 5,980,700 | 0 | 5,980,700 |
| Enhancements | |||||
| Public Employee Retirement System |
|||||
| 1. Technology Improvements |
0.00 | 0 | 117,500 | 0 | 117,500 |
| FY 2003 Total |
63.00 | 0 | 6,098,200 | 0 | 6,098,200 |
| Chg from FY 2002 Orig Approp |
1.00 | 0 | 257,300 | 0 | 257,300 |
| % Chg from FY 2002 Orig Approp. |
1.6% | 4.4% | 4.4% |
This appropriation funds one program enhancement which provides $117,500 for technology
improvements.
.
Contact: Matt Freeman 334-4740
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note | Bill No. S1457 |