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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