Idaho Amends Retirement System Code for Pre-Tax, Roth Contributions

The Idaho Governor signed a law amending Section 59-1308 of the Idaho Code, relating to the Public Employee Retirement System, revising provisions regarding qualified pre-tax contributions and investment earnings, while adding specific requirements for qualified Roth contributions and investment earnings. The law includes requiring compliance with Internal Revenue Code sections 401(a), 401(k), and newly referenced section 402A, for Roth contributions, providing tax practitioners with expanded retirement savings options for public employees. The law takes effect July 1. [H.B. 543, enacted 03/18/26]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.