Print Friendly HOUSE BILL NO. 280 – Approp, Public Employee Retirement
HOUSE BILL NO. 280
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H0280.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$6,621,400 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2008; 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; directs the distribution of the funding for employee
compensation; and directs the allocation of salary savings.
03/05 House intro - 1st rdg - to printing
03/06 Rpt prt - to 2nd rdg
03/07 2nd rdg - to 3rd rdg
Rls susp - PASSED - 66-0-4
AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
Block, Bock, Boe, Bolz, Brackett, Chadderdon, Chavez, Chew, Clark,
Collins, Crane, Durst, Eskridge, Hagedorn, Hart, Harwood, Henbest,
Henderson, Jaquet, Killen, King, Kren, Labrador, Lake, LeFavour,
Loertscher, Luker, Marriott, Mathews, McGeachin, Mortimer, Moyle,
Nielsen, Nonini, Pasley-Stuart, Patrick, Pence, Raybould, Ring,
Ringo, Rusche, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley,
Shively, Smith(30), Smith(24), Snodgrass, Stevenson, Thayn, Trail,
Vander Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS -- None
Absent and excused -- Bradford, Edmunson, Roberts, Ruchti
Floor Sponsor - McGeachin
Title apvd - to Senate
03/08 Senate intro - 1st rdg - to Fin
03/09 Rpt out - rec d/p - to 2nd rdg
03/12 2nd rdg - to 3rd rdg
03/16 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
Cameron, Coiner, Corder, Darrington, Davis, Fulcher, Gannon, Geddes,
Goedde, Hammond, Heinrich, Hill, Jorgenson, Kelly, Keough, Langhorst,
Little, Lodge, Malepeai, McGee, McKague, McKenzie, Pearce,
Richardson, Schroeder, Siddoway, Stegner, Stennett, Werk
NAYS -- None
Absent and excused -- None
Floor Sponsor - Bastian
Title apvd - to House
03/19 To enrol - Rpt enrol - Sp signed
03/20 Pres signed - To Governor
03/26 Governor signed
Session Law Chapter 192
Effective: 07/01/07
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 280
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2008; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO INVESTMENT PROGRAM;
4 LIMITING THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS; DIRECTING THE DIS-
5 TRIBUTION OF THE FUNDING FOR EMPLOYEE COMPENSATION; AND DIRECTING THE
6 ALLOCATION OF SALARY SAVINGS.
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 for
10 the named programs according to the designated expense classes from the listed
11 funds for the period July 1, 2007, through June 30, 2008:
12 FOR FOR FOR
13 PERSONNEL OPERATING CAPITAL
14 COSTS EXPENDITURES OUTLAY TOTAL
15 I. RETIREMENT ADMINISTRATION:
16 FROM:
17 PERSI Administrative
18 Fund $3,287,500 $2,461,600 $ 90,700 $5,839,800
19 II. PORTFOLIO INVESTMENT:
20 FROM:
21 PERSI Special
22 Fund $ 503,000 $ 263,500 $ 15,100 $ 781,600
23 GRAND
24 TOTAL $3,790,500 $2,725,100 $105,800 $6,621,400
25 SECTION 2. Notwithstanding Section 59-1311(4)(d), Idaho Code, moneys
26 appropriated in Section 1 of this act for the Portfolio Investment Program are
27 for administrative costs of the Portfolio Investment Program as provided in
28 Section 59-1311(3), Idaho Code. Amounts necessary to pay all other investment
29 expenses related to the Portfolio Investment Program are perpetually appropri-
30 ated to the Public Employee Retirement System Board as provided in Section
31 59-1311(4)(a), (b) and (c), Idaho Code.
32 SECTION 3. In accordance with Section 67-3519, Idaho Code, the Public
33 Employee Retirement System is authorized no more than sixty-three (63) full-
34 time equivalent positions at any point during the period July 1, 2007, through
35 June 30, 2008, for the programs specified in Section 1 of this act, unless
36 specifically authorized by the Governor. The Joint Finance-Appropriations Com-
37 mittee will be notified promptly of any increased positions so authorized.
38 SECTION 4. Agencies and institutions shall distribute the funding for
39 employee compensation based on merit as follows:
40 (a) Agencies and institutions are directed to, based on merit, target
2
1 funding first toward high turnover classifications and individuals below
2 midpoint within their agency.
3 (b) Agencies and institutions are directed to, based on merit, target
4 funding second toward positions within their agency that are below ninety
5 percent (90%) of the Compa-Ratio.
6 (c) Agencies and institutions are directed to target any remaining fund-
7 ing based on merit using the merit matrix required by Idaho Code.
8 Agencies and institutions shall create compensation and distribution plans to
9 ensure that they are consistent with the policies contained herein. Agency
10 directors and institutional presidents shall approve all compensation and dis-
11 tribution plans and ensure that implementation of the plans is consistent with
12 policies contained herein. Each agency and institution shall forward, for
13 informational purposes, approved copies of the compensation and distribution
14 plans to the Legislative Services Office and the Division of Financial Manage-
15 ment by June 1, 2007. The effective date of implementation of ongoing salary
16 adjustments shall be June 17, 2007.
17 SECTION 5. The Public Employee Retirement System is hereby directed to
18 allocate salary savings, based on performance, to provide for employee salary
19 needs before other operational budget priorities are considered. Where appli-
20 cable, employees whose salaries are below the midpoint of their pay grade or
21 occupational groups with significant turnover rates shall be considered first
22 in the order of salary savings distributions.
| Statement of Purpose |
| RS16423 |
This is a fiscal year appropriation for the Public Employee Retirement System (PERSI) in the amount of $6,621,400.
.
 
| FY 2007 Original Appropriation |
63.00 |
0 |
6,385,900 |
0 |
6,385,900 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(124,900) |
0 |
(124,900) |
| FY 2008 Base |
63.00 |
0 |
6,261,000 |
0 |
6,261,000 |
| Benefit Costs |
0.00 |
0 |
50,000 |
0 |
50,000 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
116,300 |
0 |
116,300 |
| Statewide Cost Allocation |
0.00 |
0 |
35,900 |
0 |
35,900 |
| Change in Employee Compensation |
0.00 |
0 |
158,200 |
0 |
158,200 |
| FY 2008 Program Maintenance |
63.00 |
0 |
6,621,400 |
0 |
6,621,400 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Compensation Plan Improvements |
0.00 |
0 |
0 |
0 |
0 |
| 2. Compensation Plan Improvements |
0.00 |
0 |
0 |
0 |
0 |
| 3. Additional Staffing |
0.00 |
0 |
0 |
0 |
0 |
| FY 2008 Total |
63.00 |
0 |
6,621,400 |
0 |
6,621,400 |
| Chg from FY 2007 Orig Approp |
0.00 |
0 |
235,500 |
0 |
235,500 |
| % Chg from FY 2007 Orig Approp. |
0.0% |
|
3.7% |
|
3.7% |
Contact: Julie Swanson 334-4743
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H280 |