Text: S05654                            Text: S05656
Text: S05600 - S05699                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5655

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.  Page 28, by inserting after line 27 the
  1  4 following:
  1  5    "4.  RETURN OF CONTRIBUTIONS.  A member eligible to
  1  6 receive a monthly retirement allowance as calculated
  1  7 pursuant to subsection 2 but who instead elects to
  1  8 receive benefits as calculated pursuant to section
  1  9 97B.49A or 97B.49D shall also be entitled to receive,
  1 10 in a lump sum or in an annuity, the member's excess
  1 11 contributions.  For purposes of this subsection, a
  1 12 member's excess contributions means the total amount
  1 13 obtained by accumulating each individual additional
  1 14 contribution made by the member as calculated pursuant
  1 15 to subsection 3 with interest plus interest dividends
  1 16 as provided in section 97B.70."
  1 17    #2.  By renumbering as necessary.  
  1 18 
  1 19 
  1 20                               
  1 21 ROBERT E. DVORSKY 
  1 22 DICK L. DEARDEN 
  1 23 STEVEN D. HANSEN 
  1 24 EUGENE S. FRAISE 
  1 25 HF 2496.714 77
  1 26 ec/sc/28
     

Text: S05654                            Text: S05656
Text: S05600 - S05699                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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