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House Journal: Page 1809: Monday, April 22, 1996

Page  32

 1   pursuant to section 415 of the federal Internal
 2   Revenue Code.
 3     Sec. 59.  Section 97B.73A, unnumbered paragraph 1,
 4   Code Supplement 1995, is amended to read as follows:
 5     A part-time county attorney may elect in writing to
 6   the department to make employee contributions to the
 7   system for the county attorney's previous service as a
 8   county attorney and receive credit for membership
 9   service in the system for the applicable period of
10   service as a part-time county attorney for which
11   employee contributions are made.  The contributions
12   paid by the member shall be equal to the accumulated
13   contributions, as defined in section 97B.41,
14   subsection 2, for the applicable period of membership
15   service.  A member making contributions pursuant to
16   this section may make the contributions either for the
17   entire applicable period of service, or, effective
18   upon the date that the department determines that the
19   amendments to this paragraph contained in 1994 Iowa
20   Acts, chapter 1183, shall be implemented, for portions
21   of the period of service, and if contributions are
22   made for portions of the period of service, the
23   contributions shall be in increments of one or more
24   years, as long as the increments represent full years
25   and not a portion of a year calendar quarters.  A
26   member who elects to make contributions under this
27   section shall notify the applicable county board of
28   supervisors of the member's election, and the county
29   board of supervisors shall pay to the department the
30   employer contributions that would have been
31   contributed by the employer under section 97B.11 plus
32   interest on the contributions that would have accrued
33   if the county attorney had been a member of the system
34   for the applicable period of service.  However, the
35   department shall not implement the amendments to this
36   paragraph, as enacted in 1994 Iowa Acts, chapter 1183,
37   unless and until the department determines that the
38   most recent annual actuarial valuation of the
39   retirement system indicates that the employer and
40   employee contribution rates in effect under section
41   97B.11 can absorb the amendments to this paragraph and
42   to section 97B.66, unnumbered paragraphs 1 and 2,
43   section 97B.72, unnumbered paragraphs 1 and 2, section
44   97B.72A, subsection 1, unnumbered paragraph 1, and
45   section 97B.74, unnumbered paragraphs 1 and 2,
46   contained in 1994 Iowa Acts, chapter 1183, after
47   meeting the other established priority of the system,
48   as defined in section 97B.66.  Until the amendments
49   are implemented, the department shall continue to
50   implement the provisions of section 97B.73A,

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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