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House Journal: Page 1784: Monday, April 22, 1996

Page   7

 1   the accumulated contribution account of the member for
 2   a period of service, as provided pursuant to section
 3   97B.53, subsection 6, the department shall credit the
 4   member for the service if the member submits
 5   satisfactory proof to the department that the member
 6   did make the contributions for the period of service
 7   and did not take a refund for the period of service.
 8   However, the department shall not implement the
 9   amendments to this subsection, as enacted in 1994 Iowa
10   Acts, chapter 1183, unless and until the department
11   determines that the most recent annual actuarial
12   valuation of the retirement system indicates that the
13   employer and employee contribution rates in effect
14   under section 97B.11 can absorb the amendments to this
15   subsection and to section 97B.53, subsections 3 and 7,
16   section 97B.53, subsection 6, unnumbered paragraph 1,
17   and section 97B.70, by enacting a new subsection 4,
18   contained in 1994 Iowa Acts, chapter 1183, after
19   meeting the other established priorities of the
20   system.  Until the amendments are implemented, the
21   department shall continue to implement the provisions
22   of section 97B.41, subsection 12, Code Supplement
23   1993.  As used in this subsection, unless the context
24   otherwise requires, "other established priorities of
25   the system" means that commencing January 1 following
26   the most recent annual actuarial valuation of the
27   system, the department has increased the covered wage
28   limitation from the previous year by three thousand
29   dollars, in accordance with section 97B.41, subsection
30   20, paragraph "b", subparagraph (11), and that the
31   department has implemented the amendments to section
32   97B.66, unnumbered paragraphs 1 and 2, section 97B.72,
33   unnumbered paragraphs 1 and 2, section 97B.72A,
34   subsection 1, unnumbered paragraph 1, section 97B.73A,
35   unnumbered paragraph 1, and section 97B.74, unnumbered
36   paragraphs 1 and 2, contained in 1994 Iowa Acts,
37   chapter 1183.
38     Sec. 16.  Section 97B.41, Code Supplement 1995, is
39   amended by adding the following new subsection:
40     NEW SUBSECTION.  13A.  "Regular service" means
41   service for an employer other than special service.
42     Sec. 17.  Section 97B.41, Code Supplement 1995, is
43   amended by adding the following new subsection:
44     NEW SUBSECTION.  14A.  "Retirement" means that
45   period of time beginning when a member who has filed
46   an approved application for a retirement allowance has
47   survived into at least the first day of the member's
48   first month of entitlement and ending when the member
49   dies.
50     Sec. 18.  Section 97B.41, subsection 15, paragraphs

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

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