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
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