STATEMENT OF PURPOSE
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.
FISCAL NOTE
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.
Contact:
Mike Hampton
PERSI
(208) 287-9231
Representative Jack Nelsen
(208) 332-1000
Senator Linda Hartgen
(203) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 01/25/2024, 3:26 PM


Statutes affected:
Bill Text: 59-1308