Print Friendly HOUSE BILL NO. 589<br />
– Approp, Public Employee Retirement
HOUSE BILL NO. 589
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H0589.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$7,076,600 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2009; 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 65.
03/03 House intro - 1st rdg - to printing
03/04 Rpt prt - to 2nd rdg
03/05 2nd rdg - to 3rd rdg
03/06 3rd rdg - PASSED - 66-0-4
AYES -- Anderson, Andrus, Barrett, Bayer, Bell, Bilbao, Black, Block,
Bock, Boe, Bolz, Bowers, Brackett, Bradford, Chadderdon, Chavez,
Chew, Clark, Collins, Crane, Eskridge, Hagedorn, Hart, Harwood,
Henbest, Jaquet, Killen, King, Kren, Labrador, Lake, LeFavour,
Loertscher, Luker, Mathews, McGeachin, Mortimer, Moyle, Nielsen,
Nonini, Pasley-Stuart, Patrick, Pence, Raybould, Ringo, Roberts,
Ruchti, Rusche, Sayler, Schaefer, Shepherd(02), Shepherd(08),
Shirley, Shively, Smith(30), Smith(24), Snodgrass, Stevenson, Thayn,
Thomas, Trail, Vander Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS -- None
Absent and excused -- Bedke, Durst, Henderson, Marriott
Floor Sponsor - Bolz
Title apvd - to Senate
03/07 Senate intro - 1st rdg - to Fin
03/10 Rpt out - rec d/p - to 2nd rdg
03/11 2nd rdg - to 3rd rdg
03/13 3rd rdg - PASSED - 32-0-3
AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
Cameron, Coiner, Corder, Darrington, Davis, Fulcher, Geddes, Goedde,
Hammond, Heinrich, Hill, Kelly, Keough, Langhorst, Little, Lodge,
Malepeai(Sagness), McGee, McKague, Pearce, Richardson,Schroeder,
Siddoway, Stegner, Stennett, Werk
NAYS -- None
Absent and excused -- Gannon, Jorgenson, McKenzie
Floor Sponsor - Bastian
Title apvd - to House
03/14 To enrol
03/17 Rpt enrol - Sp signed - Pres signed
03/18 To Governor
03/20 Governor signed
Session Law Chapter 228
Effective: 07/01/08
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature Second Regular Session - 2008
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 589
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2009; 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 designated programs according to the designated expense classes from the
9 listed funds for the period July 1, 2008, through June 30, 2009:
10 FOR FOR FOR
11 PERSONNEL OPERATING CAPITAL
12 COSTS EXPENDITURES OUTLAY TOTAL
13 I. RETIREMENT ADMINISTRATION:
14 FROM:
15 PERSI Administrative
16 Fund $3,515,500 $2,461,800 $201,500 $6,178,800
17 II. PORTFOLIO INVESTMENT:
18 FROM:
19 PERSI Special
20 Fund $ 607,600 $ 270,200 $ 20,000 $ 897,800
21 GRAND
22 TOTAL $4,123,100 $2,732,000 $221,500 $7,076,600
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-five (65) full-
32 time equivalent positions at any point during the period July 1, 2008, through
33 June 30, 2009, 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.
| Statement of Purpose |
| RS17272 |
This is a fiscal year 2009 appropriations for the Public Employees Retirement System in the amount of $7,076,600.
.
 
| FY 2008 Original Appropriation |
63.00 |
0 |
6,621,400 |
0 |
6,621,400 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(116,300) |
0 |
(116,300) |
| FY 2009 Base |
63.00 |
0 |
6,505,100 |
0 |
6,505,100 |
| Benefit Costs |
0.00 |
0 |
111,800 |
0 |
111,800 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
226,800 |
0 |
226,800 |
| Statewide Cost Allocation |
0.00 |
0 |
(4,600) |
0 |
(4,600) |
| Change in Employee Compensation |
0.00 |
0 |
98,400 |
0 |
98,400 |
| FY 2009 Program Maintenance |
63.00 |
0 |
6,937,500 |
0 |
6,937,500 |
| Line Items |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Workload Increase |
1.00 |
0 |
40,900 |
0 |
40,900 |
| 2. Investment Accountant |
1.00 |
0 |
68,200 |
0 |
68,200 |
| 3. Investment Salary Staff Equity |
0.00 |
0 |
30,000 |
0 |
30,000 |
| FY 2009 Total |
65.00 |
0 |
7,076,600 |
0 |
7,076,600 |
| Chg from FY 2008 Orig Approp |
2.00 |
0 |
455,200 |
0 |
455,200 |
| % Chg from FY 2008 Orig Approp. |
3.2% |
|
6.9% |
|
6.9% |
Contact: Amy Castro 334-4745
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H589 |