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H 390

APPROPRIATIONS – PERSI – Relates to the appropriation to the Public Employee Retirement System for fiscal year 2026.

68th Legislature, 1st Regular Session (2025)

House Bill H 390 allocates $3.6 million to enhance Idaho's PERSI, improving software and IT for better retirement services to public employees starting July 1, 2025.

Reported Signed by Governor on March 31, 2025 Session Law Chapter 236 Effective: 07/01/2025
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Bill Summary · H 390

Summary of House Bill H 390: Appropriations for PERSI

Purpose and Intent

House Bill H 390 aims to appropriate additional funds to the Public Employee Retirement System of Idaho (PERSI) for the fiscal year 2026. The bill is designed to enhance the maintenance budget of PERSI, ensuring that the system can effectively manage its operations and improve its technological capabilities.

Key Provisions

  • Total Appropriation: The bill appropriates an additional $3,641,000 to PERSI, which includes:

    • $3,000,000 for upgrading pension software.
    • $12,500 for board member travel.
    • $628,500 for IT hardware.

  • Budget Breakdown: The total budget for PERSI for FY 2026 will be $14,645,000, reflecting a 5.3% increase from the original appropriation for FY 2025.

  • Funding Sources: The funds will be allocated from the PERSI Administrative Fund and the PERSI Special Fund.

  • Emergency Clause: The bill includes a declaration of emergency, making it effective immediately on July 1, 2025.

Affected Parties

  • Public Employees: The primary beneficiaries of this bill are public employees in Idaho who rely on PERSI for their retirement benefits.
  • PERSI Administration: The additional funding will enhance the operational capabilities of PERSI, allowing for improved service delivery and management of retirement funds.

Procedural Timeline

  • Introduced: March 10, 2025
  • Passed by House: March 24, 2025
  • Passed by Senate: March 28, 2025
  • Signed by Governor: March 31, 2025
  • Effective Date: July 1, 2025

Conclusion

House Bill H 390 represents a significant investment in the infrastructure of Idaho's Public Employee Retirement System, aimed at improving its efficiency and service quality. By providing necessary funding for software upgrades and IT enhancements, the bill seeks to ensure that PERSI can continue to meet the retirement needs of Idaho's public employees effectively.

Compiled from official sources — confirm details with the bill’s official record.

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