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House Journal: Page 1780: Monday, April 22, 1996

Page   3

 1   read as follows:
 2     97B.11  CONTRIBUTIONS BY EMPLOYER AND EMPLOYEE.
 3     Each employer shall deduct from the wages of each
 4   member of the system a contribution in the amount of
 5   three and seven-tenths percent of the covered wages
 6   paid by the employer, until the member's termination
 7   or retirement from employment, whichever is earlier.
 8   The contributions of the employer shall be in the
 9   amount of five and seventy-five hundredths percent of
10   the covered wages of the member.
11     If the total of the contributions to be deducted
12   from the wages of a member and contributions picked up
13   and paid by the employer shall not exceed one dollar
14   for any calendar quarter, contributions shall not be
15   deducted or paid concerning that member and the member
16   shall not receive credit for membership service for
17   that quarter.
18     Sec. 5.  Section 97B.14, Code 1995, is amended to
19   read as follows:
20     97B.14  CONTRIBUTIONS FORWARDED.
21     Contributions deducted from the wages of the member
22   or under section 97B.11 prior to January 1, 1995,
23   member contributions picked up by the employer under
24   section 97B.11A beginning January 1, 1995, and the
25   employer's contribution shall be forwarded to the
26   department for recording and deposited with the
27   treasurer of the state to the credit of the Iowa
28   public employees' retirement fund.  Contributions
29   shall be remitted monthly, if total contributions by
30   both employee and employer amount to one hundred
31   dollars or more each month, and shall be otherwise
32   paid in such manner, at such times and under such
33   conditions, either by copies of payrolls or other
34   methods necessary or helpful in securing proper
35   identification of the member, as may be prescribed by
36   the department.
37     Sec. 6.  Section 97B.15, Code 1995, is amended to
38   read as follows:
39     97B.15  RULES, POLICIES, AND PROCEDURES.
40     The department may adopt rules under chapter 17A
41   and establish procedures, not inconsistent with this
42   chapter, which are necessary or appropriate to
43   implement this chapter and shall adopt reasonable and
44   proper rules to regulate and provide for the nature
45   and extent of the proofs and evidence and the method
46   of taking and furnishing the proofs and evidence in
47   order to establish the right to benefits under this
48   chapter.  The department may adopt rules, and take
49   action based on the rules, to conform the requirements
50   for receipt of retirement benefits under this chapter

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Tue Apr 23 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01700/01780.html
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