HOUSE BILL 431
Law
PERSI, contributions
PERSI – Amends existing law to to revise a provision regarding contributions and investment earnings under supplemental benefit plans and to provide for qualified after-tax contributions.
RS30817 / H0431
PERSI Choice plan members do not have access to a Roth option under current Idaho Code. To comply with Secure 2.0 catch-up contribution regulations, a qualified after-tax contribution investment option must be available to participate in catch-up contributions. 59-1308(9) needs to be updated to allow for this type of investment option to be in compliance with federal law.
This legislation will have no impact on the state’s General fund or any dedicated fund or federal fund because it is a technical correction which codifies access to the same benefit the class of employees has historically had.
| Date | Description |
|---|---|
| 01/26 | Introduced, read first time, referred to JRA for Printing |
| 01/29 | Reported Printed and Referred to Commerce & Human Resources |
| 02/01 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 02/02 | Read second time; Filed for Third Reading |
| 02/05 | Read Third Time in Full – PASSED - 69-0-1 AYES – Alfieri, Allgood, Andrus, Barbieri, Berch(Bratnober), Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green(Ruckh), Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash(Stinson), Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – None Absent – Blanksma Floor Sponsor - Nelsen Title apvd - to Senate |
| 02/06 | Received from the House passed; filed for first reading |
| 02/06 | Introduced, read first time; referred to: Commerce & Human Resources |
| 02/23 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 02/26 | Read second time; filed for Third Reading |
| 03/05 | Read third time in full – PASSED - 34-0-1 AYES – Adams, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld NAYS – None Absent and excused – Anthon Floor Sponsor - Hartgen Title apvd - to House |
| 03/06 | Returned from Senate Passed; to JRA for Enrolling |
| 03/07 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| 03/07 | Received from the House enrolled/signed by Speaker |
| 03/07 | Signed by President; returned to House |
| 03/08 | Returned Signed by the President; Ordered Transmitted to Governor |
| 03/11 | Delivered to Governor at 12:05 p.m. on March 8, 2024 |
| 03/12 | Reported Signed by Governor on March 11, 2024 Session Law Chapter 19 Effective: 07/01/2024 |