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House Journal: Page 752: Tuesday, March 17, 1998

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 completed thirty twenty 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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