Text: S05651                            Text: S05653
Text: S05600 - S05699                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5652

Amendment Text

PAG LIN
  1  1    Amend House File 2496, as amended, passed, and
  1  2 reprinted by the House, as follows:
  1  3    #1.  By striking page 88, line 11, through page 89,
  1  4 line 3.
  1  5    #2.  By striking page 89, line 11, through page 91,
  1  6 line 2.
  1  7    #3.  Page 95, by inserting after line 26 the
  1  8 following:
  1  9    "Sec. ___.  JUDICIAL RETIREMENT SYSTEM
  1 10 RESTRUCTURING – REPORT.
  1 11    1.  The state court administrator, on behalf of the
  1 12 judicial retirement system, and the chief benefits
  1 13 officer of the Iowa public employees' retirement
  1 14 system (IPERS) shall coordinate a comprehensive study
  1 15 to explore the possibility of restructuring the
  1 16 current judicial retirement system by establishing a
  1 17 new special classification within the Iowa public
  1 18 employees' retirement system for purposes of providing
  1 19 retirement benefits for judges, and they shall make
  1 20 findings and recommendations pursuant to the study.
  1 21    2.  The study shall consider, but not be limited
  1 22 to, the following:
  1 23    a.  The costs involved in transferring
  1 24 responsibility of the retirement system for judges to
  1 25 IPERS and any cost savings likely to be realized with
  1 26 such a transfer of responsibility.
  1 27    b.  The establishment of a mechanism for providing
  1 28 current judges the ability to remain within the
  1 29 current judicial retirement system or to transfer to a
  1 30 new judicial special classification in IPERS.
  1 31    c.  The benefit structure to be provided to a judge
  1 32 within a new judicial special classification within
  1 33 IPERS.
  1 34    d.  The establishment of a mechanism to determine
  1 35 the contribution rates for judges and employers under
  1 36 a new judicial special classification in IPERS.
  1 37    e.  Consideration of the impact of a transfer of
  1 38 the judicial retirement system to IPERS on judges and
  1 39 retired judges.  In considering the impact on judges
  1 40 and retired judges, the systems shall solicit input
  1 41 from judges and retired judges.
  1 42    3.  On or before September 1, 1999, the chief
  1 43 benefits officer and the state court administrator
  1 44 shall file a joint report with the legislative service
  1 45 bureau, for distribution to the public retirement
  1 46 systems committee, which contains the findings and any
  1 47 recommendations of the study."
  1 48    #4.  By renumbering as necessary.  
  1 49 
  1 50 
  2  1                               
  2  2 ROD HALVORSON 
  2  3 HF 2496.517 77
  2  4 ec/jw/28
     

Text: S05651                            Text: S05653
Text: S05600 - S05699                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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