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14 completedthirtytwenty years of membership service. 15 3. The first of any month in which the member has 16 completedthirtytwenty years of membership service if 17 the member has attained the age of sixty-two years but 18 is not yet sixty-five years of age." 19 3. Page 36, by inserting after line 8 the 20 following: 21 "d. The member is an active or inactive vested 22 member retiring on or after July 1, 1986, and before 23 January 1, 1999, who is at least sixty-two years of 24 age and who has completed thirty years of membership 25 service." 26 4. Page 45, line 21, by striking the word 27 "thirty" and inserting the following: "thirty28 twenty". 29 5. Page 46, line 24, by striking the word 30 "thirty" and inserting the following: "thirty31 twenty". 32 6. Page 46, line 25, by striking the word "full" 33 and inserting the following: "full". 34 7. Page 67, line 27, by inserting after the word 35 "APPLICABILITY." the following: 36 "a." 37 8. Page 67, by inserting after line 30 the 38 following: 39 "b. The portion of section 22 that amends section 40 97B.45, subsections 1, 2, and 3, and section 38, 41 amending section 97B.50, are effective January 1, 42 1999, and apply to members retiring on or after 43 January 1, 1999." 44 9. By renumbering as necessary. Amendment H-8345 was adopted. Larkin of Lee offered amendment H-8389 filed by him as follows: H-8389 1 Amend House File 2496 as follows: 2 1. Page 16, by striking lines 6 through 12 and 3 inserting the following: 4 "(1) The first of any month in whicha member5meets the membership service and age requirements to6retire under section 97B.49, subsection 15the member 7 is at least fifty-five years of age and for which the 8 sum of the number of years of membership service and 9 prior service and the member's age in years as of the 10 member's last birthday equals or exceeds eighty-five. 11 (2) The department shall implement this subsection 12 on July 1, 1998, or on the date that the department 13 determines that the most recent annual actuarial 14 valuation of the system indicates that the employer 15 and employee contribution rates in effect under
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