Text: S05094                            Text: S05096
Text: S05000 - S05099                   Text: S Index
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Senate Amendment 5095

Amendment Text

PAG LIN
  1  1    Amend Senate File 2411 as follows:
  1  2    #1.  Page 19, by inserting after line 6 the
  1  3 following:
  1  4    "Sec.    .  Section 97B.45, subsection 4, Code
  1  5 1999, is amended to read as follows:
  1  6    4.  The first of any month in which the member is
  1  7 at least fifty-five years of age and for which the sum
  1  8 of the number of years of membership service and prior
  1  9 service and the member's age in years as of the
  1 10 member's last birthday equals or exceeds eighty-eight.
  1 11 Commencing July 1, 2000, the department shall reduce
  1 12 from eighty-eight by one each July 1 until reaching
  1 13 eighty-five, if the annual actuarial valuation of the
  1 14 retirement system indicates that the cost of the
  1 15 reduction can be absorbed within the employer and
  1 16 employee contribution rates in effect under section
  1 17 97B.11."
  1 18    #2.  By renumbering as necessary.  
  1 19 
  1 20 
  1 21                               
  1 22 JOHN P. KIBBIE 
  1 23 SF 2411.305 78
  1 24 ec/cf
     

Text: S05094                            Text: S05096
Text: S05000 - S05099                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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