Text: S05090 Text: S05092 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2411 as follows: 1 2 #1. Page 49, by inserting after line 27 the 1 3 following: 1 4 "Sec. . IOWA PUBLIC EMPLOYEES' RETIREMENT 1 5 SYSTEM PENSION PORTABILITY STUDY REPORT. The 1 6 Iowa public employees' retirement system division 1 7 shall conduct a study to consider various proposals to 1 8 provide persons covered under the Iowa public 1 9 employees' retirement system increased portability of 1 10 pensions earned prior to coverage under the Iowa 1 11 public employees' retirement system and of the pension 1 12 earned under the Iowa public employees' retirement 1 13 system. In conducting its study, the Iowa public 1 14 employees' retirement system division shall consider 1 15 proposals for allowing employees covered under the 1 16 Iowa public employees' retirement system to purchase 1 17 additional service credit under the Iowa public 1 18 employees' retirement system based on prior public 1 19 sector or private sector employment that is not 1 20 covered under the system as well as proposals for 1 21 enhancing the ability of employees covered under the 1 22 Iowa public employees' retirement system to transfer a 1 23 greater portion of the value of the pension earned 1 24 under the Iowa public employees' retirement system to 1 25 another pension plan upon the employee's termination 1 26 of employment covered by the Iowa public employees' 1 27 retirement system. On or before September 1, 2001, 1 28 the Iowa public employees' retirement system division 1 29 shall file a report with the legislative service 1 30 bureau, for distribution to the public retirement 1 31 systems committee established in section 97D.4, which 1 32 contains its findings and recommendations, including 1 33 any proposal or proposals for enhancing pension 1 34 portability for persons covered by the Iowa public 1 35 employees' retirement system. The report shall also 1 36 contain any applicable actuarial information 1 37 concerning the costs of any proposal or proposals 1 38 included in the report." 1 39 #2. By renumbering as necessary. 1 40 1 41 1 42 1 43 SHELDON RITTMER 1 44 1 45 1 46 SF 2411.202 78 1 47 ec/gg
Text: S05090 Text: S05092 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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