2005 Legislation
Print Friendly

SENATE BILL NO. 1005 – PERSI, benefits, certain clarified

SENATE BILL NO. 1005

View Bill Status

View Bill Text

View Statement of Purpose / Fiscal Impact



Text to be added within a bill has been marked with Bold and
Underline. Text to be removed has been marked with
Strikethrough and Italic. How these codes are actually displayed will
vary based on the browser software you are using.

This sentence is marked with bold and underline to show added text.

This sentence is marked with strikethrough and italic, indicating
text to be removed.

Bill Status



S1005.......................................by COMMERCE AND HUMAN RESOURCES
PUBLIC EMPLOYEE RETIREMENT SYSTEM - Amends existing law relating to the
Public Employee Retirement System to clarify the effect of prospective only
application of benefit enhancements.
                                                                        
01/14    Senate intro - 1st rdg - to printing
01/17    Rpt prt - to Com/HuRes
02/02    Rpt out - rec d/p - to 2nd rdg
02/03    2nd rdg - to 3rd rdg
02/08    3rd rdg - PASSED - 35-0-0
      AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett,
      Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
      Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst,
      Little, Lodge, Malepeai, Marley, McGee, McKenzie, Noble, Pearce,
      Richardson, Schroeder, Stegner, Stennett, Sweet, Werk, Williams
      NAYS -- None
      Absent and excused -- None
    Floor Sponsor - Broadsword
    Title apvd - to House
02/09    House intro - 1st rdg - to Com/HuRes
02/24    Rpt out - rec d/p - to 2nd rdg
02/25    2nd rdg - to 3rd rdg
03/09    3rd rdg - PASSED - 69-0-1
      AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer, Bell,
      Bilbao, Black, Block, Boe, Bolz, Bradford, Cannon, Chadderdon, Clark,
      Collins, Crow, Deal, Denney, Edmunson, Ellsworth, Eskridge,
      Field(18), Field(23), Garrett, Hart, Harwood, Henbest, Henderson,
      Jaquet, Jones, Kemp, Lake, LeFavour, Loertscher, Martinez, Mathews,
      McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen, Nonini,
      Pasley-Stuart, Pence, Raybould, Ring, Ringo, Roberts, Rusche,
      Rydalch, Sali, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley,
      Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail,
      Wills, Wood, Mr. Speaker
      NAYS -- None
      Absent and excused -- Bedke
    Floor Sponsor - Crow
    Title apvd - to Senate
03/10    To enrol
03/11    Rpt enrol - Pres signed
03/14    Sp signed
03/15    To Governor
03/21    Governor signed
         Session Law Chapter 89
         Effective: 07/01/05

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   First Regular Session - 2005
                                                                        
                                                                        
                                       IN THE SENATE
                                                                        
                                    SENATE BILL NO. 1005
                                                                        
                         BY COMMERCE AND HUMAN RESOURCES COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO THE PUBLIC EMPLOYEE RETIREMENT SYSTEM; AMENDING  SECTION  59-1315,
  3        IDAHO  CODE,  TO  REVISE DESCRIPTIVE LANGUAGE AND TO CLARIFY THE EFFECT OF
  4        PROSPECTIVE ONLY APPLICATION OF BENEFIT ENHANCEMENTS.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  That Section 59-1315, Idaho Code, be, and the same  is  hereby
  7    amended to read as follows:
                                                                        
  8        59-1315.  AMOUNT,  TERMS AND CONDITIONS OF REVISED BENEFITS ARE TO BE PRO-
  9    SPECTIVE ONLY UNLESS OTHERWISE PROVIDED. As the amount, terms  and  conditions
 10    of benefits may be revised from time to time the application of such revisions
 11    shall  be  prospective only and not retrospective or retroactive unless other-
 12    wise provided by statute. Accordingly, unless otherwise provided,  a  member's
 13    benefits  are  determined  based upon the terms of the plan on the date of the
 14    member's last contribution as an active member.

Statement of Purpose / Fiscal Impact


                   STATEMENT  OF  PURPOSE
                           RS 14392

This bill clarifies the effect of “prospective only application” 
of benefit enhancements by amending section 59-1315, Idaho Code, 
to provide that a member’s benefits are determined based on the 
terms of the retirement plan as they exist on the date of the 
member’s last contribution as an active member of the plan.  This 
means that benefit enhancements, unless otherwise provided, do not 
apply to members who are no longer active members when the 
enhancements are effective.  This amendment clarifies the meaning 
of the existing language and is consistent with PERSI’s 
interpretation of the existing language as expressed in its rules 
governing retirement benefits and the manner in which the actuary 
values the impact of benefit enhancements. 



                         FISCAL  IMPACT

None.




CONTACT	
Name:   Alan Winkle
Agency:	PERSI
Phone:	334-2455

Statement of Purpose/Fiscal Impact	             S 1005