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House Journal: Page 1787: Monday, April 22, 1996

Page  10

 1     (11B)  For the calendar year beginning January 1,
 2   1993, wages not in excess of thirty-five thousand
 3   dollars.
 4     (11C)  For the calendar year beginning January 1,
 5   1994, wages not in excess of thirty-eight thousand
 6   dollars.
 7     (11D)  For the calendar year beginning January 1,
 8   1995, wages not in excess of forty-one thousand
 9   dollars.
10     (11E)  For the calendar year beginning January 1,
11   1996, wages not in excess of forty-four thousand
12   dollars.
13     (11F)  Commencing with the calendar year beginning
14   January 1, 1997, and for each subsequent calendar
15   year, wages not in excess of the amount permitted for
16   that year under section 401(a)(17) of the Internal
17   Revenue Code.
18     Sec. 22.  Section 97B.41, subsection 20, paragraph
19   b, subparagraph (11), unnumbered paragraph 3, Code
20   Supplement 1995, is amended to read as follows:
21     Notwithstanding any other provision of this chapter
22   providing for the payment of the benefits provided in
23   section 97B.49, subsection 16 or 17, the department
24   shall establish the covered wages limitation which
25   applies to members covered under section 97B.49,
26   subsection 16 or 17, at the same level as is
27   established under this subparagraph for other members
28   of the system.
29     Sec. 23.  Section 97B.42, unnumbered paragraph 1,
30   Code 1995, is amended to read as follows:
31     Each employee whose employment commences after July
32   4, 1953, or who has not qualified for credit for prior
33   service rendered prior to July 4, 1953, or any
34   publicly elected official of the state or any of its
35   political subdivisions shall become a member upon the
36   first day in which such employee is employed.  The
37   employee shall continue to be an active member so long
38   as the employee continues in covered employment.  The
39   employee shall cease to be an active member if the
40   employee joins another retirement system in the state
41   which is maintained in whole or in part by public
42   contributions or payments and receives retirement
43   credit for service in that other system for the same
44   position previously covered under this chapter.  If an
45   employee joins another publicly maintained retirement
46   system and ceases to be an active member under this
47   chapter, the employee may elect to leave the
48   employee's accumulated contributions in the retirement
49   fund or receive a refund of the employee's accumulated
50   contributions in the manner provided for members who

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/01700/01787.html
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