Text: H08528 Text: H08530 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 2411, as amended, passed, and
1 2 reprinted by the Senate, as follows:
1 3 #1. Page 51, by inserting after line 23 the
1 4 following:
1 5 "Sec. Section 97B.73, subsection 1, Code 1999,
1 6 is amended to read as follows:
1 7 1. a. A vested or retired member who has one or
1 8 more full calendar years of covered wages who was in
1 9 public employment comparable to employment covered
1 10 under this chapter in another state or in the federal
1 11 government, or who was a member of another public
1 12 retirement system in this state, including but not
1 13 limited to the teachers insurance annuity association-
1 14 college retirement equities fund, but who was not
1 15 retired under that system, upon submitting
1 16 verification of membership and service in the other
1 17 public system to the department, including proof that
1 18 the member has no further claim upon a retirement
1 19 benefit from that other public system, may make
1 20 contributions as provided by this section to the
1 21 system either for the entire period of service in the
1 22 other public system, or for partial service in the
1 23 other public system in increments of one or more
1 24 calendar quarters. If the member wishes to transfer
1 25 only a portion of the service value of another public
1 26 system to this system and the other public system
1 27 allows a partial withdrawal of a member's system
1 28 credits, the member shall receive credit for
1 29 membership service in this system equivalent to the
1 30 period of service transferred from the other public
1 31 system.
1 32 b. A vested or retired member who has five or more
1 33 full calendar years of covered wages who was in public
1 34 employment comparable to employment covered under this
1 35 chapter in a qualified Canadian governmental entity
1 36 may make contributions as provided by this section to
1 37 the system and receive service credit, in increments
1 38 of one or more calendar quarters, for up to the lesser
1 39 of twenty quarters of service credit for such
1 40 employment or the entire period of service in the
1 41 other public system. Prior to receiving service
1 42 credit, the member shall submit verification of
1 43 membership and service in the other public system to
1 44 the department, including proof that the member has no
1 45 further claim upon a retirement benefit from that
1 46 other public system. If the member wishes to transfer
1 47 only a portion of the service value of another public
1 48 system to this system and the other public system
1 49 allows a partial withdrawal of a member's system
1 50 credits, the member shall receive credit for
2 1 membership service in this system equivalent to the
2 2 period of service transferred from the other public
2 3 system. For purposes of this paragraph, "qualified
2 4 Canadian governmental entity" means an elementary
2 5 school, secondary school, college, or university that
2 6 is organized, administered, and primarily supported by
2 7 the provincial, territorial, or federal governments of
2 8 Canada, or any combination of the same."
2 9 #2. By renumbering as necessary.
2 10
2 11
2 12
2 13 JACOBS of Polk
2 14
2 15
2 16
2 17 MARTIN of Scott
2 18 SF 2411.318 78
2 19 ec/cf
Text: H08528 Text: H08530 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 23 03:36:06 CST 2000
URL: /DOCS/GA/78GA/Legislation/H/08500/H08529/000322.html
jhf