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29 25. Page 23, line 25, by striking the word "c" 30 and inserting the following: "d". 31 26. Page 23, line 32, by striking the word "c" 32 and inserting the following: "d". 33 27. Page 24, line 5, by striking the word "c" and 34 inserting the following: "d". 35 28. Page 24, line 12, by striking the word "c" 36 and inserting the following: "d". 37 29. Page 24, line 19, by striking the word "c" 38 and inserting the following: "d". 39 30. Page 45, by inserting after line 5 the 40 following: 41 "Sec. ___. NEW SECTION. 97B.49I QUALIFIED 42 BENEFITS ARRANGEMENT. 43 The department, by rule, may establish and maintain 44 a qualified benefits arrangement under section 415(m) 45 of the federal Internal Revenue Code. The amount of 46 any annual benefit that would be payable pursuant to 47 this chapter but for the limitation imposed by section 48 415 of the federal Internal Revenue Code shall be paid 49 from a qualified benefits arrangement established and 50 maintained pursuant to this section." Page 3 1 31. Page 67, by inserting before line 31 the 2 following: 3 "Sec. ___. EFFECTIVE DATE. Section 49 of this 4 Act, amending section 97B.53, subsection 1, takes 5 effect July 1, 1999." 6 32. By renumbering and correcting internal 7 references as necessary. Amendment H-8374 was adopted. Martin of Scott offered the following amendment H-8345 filed by her and moved its adoption: H-8345 1 Amend House File 2496 as follows: 2 1. Page 16, line 4, by striking the words and 3 figures "subsection 4, Code 1997, is" and inserting 4 the following: "subsections 1, 2, 3, and 4, Code 5 1997, are". 6 2. Page 16, by inserting after line 5 the 7 following: 8 "1. The first of the month in which a member 9 attains the age of sixty-five years if the member has 10 not completedthirtytwenty years of membership 11 service. 12 2. The first of the month in which the member 13 attains the age of sixty-two years if the member has
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