Print Friendly HOUSE BILL NO. 810 – Approp, Public Employee Retirement
HOUSE BILL NO. 810
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H0810.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$6,312,500 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2007; 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 63; and directs the allocation of salary savings.
03/14 House intro - 1st rdg - to printing
03/15 Rpt prt - to 2nd rdg
03/16 2nd rdg - to 3rd rdg
03/17 3rd rdg - PASSED - 63-0-7
AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer,
Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Brackett, Bradford,
Cannon, Chadderdon, Clark, Collins, Deal, Denney, Edmunson, Eskridge,
Field(18), Field(23), Garrett, Hart, Harwood, Henbest, Jaquet, Kemp,
Lake, LeFavour, Loertscher, Martinez, Mathews, McKague, Miller,
Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould,
Ring, Ringo, Roberts, Rusche, Rydalch, Sayler, Schaefer, Shepherd(2),
Shepherd(8), Shirley, Skippen, Smith(30), Smith(24), Smylie,
Snodgrass, Stevenson, Trail, Mr. Speaker
NAYS -- None
Absent and excused -- Crow, Ellsworth, Henderson, McGeachin, Sali,
Wills, Wood
Floor Sponsor - Bayer
Title apvd - to Senate
03/20 Senate intro - 1st rdg - to Fin
03/21 Rpt out - rec d/p - to 2nd rdg
03/22 2nd rdg - to 3rd rdg
03/23 3rd rdg - PASSED - 34-0-1
AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett(Clark),
Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
Fulcher, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst,
Little, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson,
Schroeder, Stegner, Stennett, Sweet, Werk, Williams
NAYS -- None
Absent and excused -- Gannon
Floor Sponsor - Werk
Title apvd - to House
03/24 To enrol
03/27 Rpt enrol - Sp signed
03/28 Pres signed
03/29 To Governor
03/31 Governor signed
Session Law Chapter 337
Effective: 07/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature Second Regular Session - 2006
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 810
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2007; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO INVESTMENT PROGRAM;
4 LIMITING THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS; AND DIRECTING THE
5 ALLOCATION OF SALARY SAVINGS.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. There is hereby appropriated to the Office of the Governor for
8 the Public Employee Retirement System the following amounts to be expended for
9 the named programs according to the designated expense classes from the listed
10 funds for the period July 1, 2006, through June 30, 2007:
11 FOR FOR FOR
12 PERSONNEL OPERATING CAPITAL
13 COSTS EXPENDITURES OUTLAY TOTAL
14 I. RETIREMENT ADMINISTRATION:
15 FROM:
16 PERSI Administrative
17 Fund $3,045,000 $2,438,000 $ 94,900 $5,577,900
18 II. PORTFOLIO INVESTMENT:
19 FROM:
20 PERSI Special
21 Fund $ 463,900 $ 255,700 $ 15,000 $ 734,600
22 GRAND TOTAL $3,508,900 $2,693,700 $109,900 $6,312,500
23 SECTION 2. Notwithstanding Section 59-1311(4)(d), Idaho Code, moneys
24 appropriated in Section 1 of this act for the Portfolio Investment Program are
25 for administrative costs of the Portfolio Investment Program as provided in
26 Section 59-1311(3), Idaho Code. Amounts necessary to pay all other investment
27 expenses related to the Portfolio Investment Program are perpetually appropri-
28 ated to the Public Employee Retirement System Board as provided in Section
29 59-1311(4)(a), (b) and (c), Idaho Code.
30 SECTION 3. In accordance with Section 67-3519, Idaho Code, the Public
31 Employee Retirement System is authorized no more than sixty-three (63) full-
32 time equivalent positions at any point during the period July 1, 2006, through
33 June 30, 2007, for the programs specified in Section 1 of this act, unless
34 specifically authorized by the Governor. The Joint Finance-Appropriations Com-
35 mittee will be notified promptly of any increased positions so authorized.
36 SECTION 4. The Public Employee Retirement System is hereby directed to
37 allocate salary savings, based on performance, to provide for employee salary
38 needs before other operational budget priorities are considered. Where appli-
39 cable, employees whose salaries are below the midpoint of their pay grade or
40 occupational groups with significant turnover rates shall be considered first
2
1 in the order of salary savings distributions.
| Statement of Purpose |
| RS15299 |
This is a fiscal year 2007 appropriation for the Public Employee Retirement System (PERSI) in the amount of $6,312,500.
.
 
| FY 2006 Original Appropriation |
63.00 |
0 |
6,347,600 |
0 |
6,347,600 |
| Reappropriations |
0.00 |
0 |
2,200,000 |
0 |
2,200,000 |
| HB 395 One-time 1% Salary Increase |
0.00 |
0 |
28,800 |
0 |
28,800 |
| Omnibus CEC Supplemental |
0.00 |
0 |
34,700 |
0 |
34,700 |
| FY 2006 Total Appropriation |
63.00 |
0 |
8,611,100 |
0 |
8,611,100 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(2,493,400) |
0 |
(2,493,400) |
| FY 2007 Base |
63.00 |
0 |
6,117,700 |
0 |
6,117,700 |
| Benefit Costs |
0.00 |
0 |
(68,000) |
0 |
(68,000) |
| Inflationary Adjustments |
0.00 |
0 |
48,200 |
0 |
48,200 |
| Replacement Items |
0.00 |
0 |
124,900 |
0 |
124,900 |
| Statewide Cost Allocation |
0.00 |
0 |
4,700 |
0 |
4,700 |
| Change in Employee Compensation |
0.00 |
0 |
0 |
0 |
0 |
| FY 2007 Program Maintenance |
63.00 |
0 |
6,227,500 |
0 |
6,227,500 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Convert IT from Contract Emp. to Staff |
0.00 |
0 |
0 |
0 |
0 |
| 2. Portfolio Management Expense Increase |
0.00 |
0 |
85,000 |
0 |
85,000 |
| FY 2007 Total |
63.00 |
0 |
6,312,500 |
0 |
6,312,500 |
| Chg from FY 2006 Orig Approp |
0.00 |
0 |
(35,100) |
0 |
(35,100) |
| % Chg from FY 2006 Orig Approp. |
0.0% |
|
(0.6%) |
|
(0.6%) |
Contact: Amy Castro 334-4745
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H810 |