Text: H08714 Text: H08716 Text: H08700 - H08799 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2463, as passed by the House, as
1 2 follows:
1 3 #1. Page 2, line 1, by inserting after the word
1 4 "system" the following: ", except as otherwise
1 5 required for those employees governed by chapter 262".
1 6 #2. Page 5, line 2, by inserting after the word
1 7 "data." the following: "For employees governed by
1 8 chapter 262, the director shall work collaboratively
1 9 with the state board of regents to collect such
1 10 information."
1 11 #3. Page 15, by inserting after line 10 the
1 12 following:
1 13 "Sec. ___. IOWA PUBLIC EMPLOYEES' RETIREMENT
1 14 SYSTEM – EMPLOYEE WAGES.
1 15 1. Notwithstanding section 97B.1A, subsection 26,
1 16 paragraph "a", subparagraph (2), subparagraph
1 17 subdivision (d), as enacted in 2000 Iowa Acts, Senate
1 18 File 2411, "wages" as defined in section 97B.1A,
1 19 subsection 26, for an eligible employee of an eligible
1 20 employer shall include allowable employer-paid
1 21 contributions which are uniformly applied by each
1 22 eligible employer to all of the employer's eligible
1 23 employees and are not limited to highly compensated
1 24 employees as defined in section 414(q) of the Internal
1 25 Revenue Code.
1 26 2. For purposes of this section:
1 27 a. "Allowable employer-paid contributions" means
1 28 employer-paid contributions that cannot be received by
1 29 the employee in cash and that are made to plans,
1 30 programs, or arrangements qualified under section 125
1 31 of the Internal Revenue Code.
1 32 b. "Eligible employee" means an employee of an
1 33 eligible employer who is covered under chapter 97B and
1 34 was employed by the eligible employer prior to July 1,
1 35 2000.
1 36 c. "Eligible employer" means an employer covered
1 37 by chapter 97B who meets all of the following
1 38 requirements:
1 39 (1) The employer included allowable employer-paid
1 40 contributions in employees' wages continuously from
1 41 January 1, 1997, through January 1, 2000.
1 42 (2) The employer includes allowable employer-paid
1 43 contributions in employees' wages for all eligible
1 44 employees of the employer on and after July 1, 2000.
1 45 3. An eligible employer may file a written
1 46 election with the department of personnel to exclude
1 47 allowable employer-paid contributions from wages of
1 48 every eligible employee of the employer and shall
1 49 cease being an eligible employer for purposes of this
1 50 section upon filing the election. An election by an
2 1 eligible employer to exclude allowable employer-paid
2 2 contributions is irrevocable and no retroactive wage
2 3 adjustment shall be permitted for eligible employees
2 4 following the election. An eligible employee shall
2 5 not be permitted to file a written election to exclude
2 6 allowable employer-paid contributions from that
2 7 eligible employee's wages."
2 8 #4. Page 15, by inserting after line 11 the
2 9 following:
2 10 "1. The amendment to section 19A.9, subsection 12,
2 11 in section 12 of this Act, being deemed of immediate
2 12 importance, takes effect upon enactment and is
2 13 retroactively applicable to January 1, 2000, and is
2 14 applicable on and after that date."
2 15 #5. Page 15, line 12, by inserting before the word
2 16 and figure "Section 14" the following: "2."
2 17 #6. By renumbering, relettering, or redesignating
2 18 and correcting internal references as necessary.
2 19 HF 2463S
2 20 ec/cc/26
Text: H08714 Text: H08716 Text: H08700 - H08799 Text: H Index Bills and Amendments: General Index Bill History: General Index
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