Text: S05100 Text: S05102 Text: S05100 - S05199 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 3, by striking lines 6 through 7 and 1 3 inserting the following: 1 4 "(3A) Commencing July 1, 2000, for a member who". 1 5 #2. Page 3, line 10, by inserting after the figure 1 6 "97A.16," the following: "subparagraphs (1) through 1 7 (3) shall not apply and". 1 8 #3. Page 13, by inserting after line 10 the 1 9 following: 1 10 "(f) Employee contributions required under section 1 11 97B.11 and picked up by the employer under section 1 12 97B.11A." 1 13 #4. Page 25, line 8, by inserting after the word 1 14 "member" the following: "who is at least fifty-five 1 15 years of age". 1 16 #5. Page 40, by inserting after line 13 the 1 17 following: 1 18 "Sec. ___. Section 97B.52, subsection 4, 1 19 unnumbered paragraph 1, Code 1999, is amended to read 1 20 as follows: 1 21 In order to receive the death benefit, the 1 22 beneficiary, heirs at law, or the estate, or any other 1 23 third-party payee, must apply to the department within 1 24 five years of the member's death. However, death 1 25 benefits payable under this section shall not exceed 1 26 the amount permitted pursuant to Internal Revenue Code 1 27 section 401(a)(9) and the applicable treasury 1 28 regulations." 1 29 #6. Page 48, by inserting after line 3 the 1 30 following: 1 31 "Sec. ____. NEW SECTION. 97B.73B PATIENT 1 32 ADVOCATES – UNPAID CONTRIBUTIONS – SERVICE PURCHASE. 1 33 1. Notwithstanding the provisions of section 1 34 97B.9, to the contrary, unpaid contributions for a 1 35 person classified as a patient advocate under section 1 36 229.19, for service as a patient advocate prior to 1 37 July 1, 2000, shall be determined and collected as 1 38 provided under section 97B.9, subsection 4, but shall 1 39 be limited to the collection of underpaid 1 40 contributions for a maximum of one year of service. 1 41 2. A patient advocate who becomes covered under 1 42 this chapter and for whom underpaid contributions for 1 43 one year of service have been paid shall be eligible 1 44 to purchase membership service for service as a 1 45 patient advocate prior to July 1, 2000, in excess of 1 46 the one year of service provided in this section by 1 47 paying the department of personnel an amount 1 48 determined as follows: 1 49 a. For a purchase of membership service prior to 1 50 July 1, 2002, the total of the employee and employer 2 1 contributions, without interest, on the covered wages 2 2 that would have been reported to the department under 2 3 the provisions of this chapter in effect for the 2 4 applicable period of service. 2 5 b. For a purchase of membership service on or 2 6 after July 1, 2002, the actuarial cost of the service 2 7 purchase in a manner as provided in section 97B.73." 2 8 #7. Page 49, line 3, by inserting after the word 2 9 "Act." the following: "However, the amendment to 2 10 section 97B.50, subsection 1, shall not be implemented 2 11 until the Iowa public employees' retirement system has 2 12 received a determination letter from the federal 2 13 internal revenue service approving the retirement 2 14 system plan's qualified status under Internal Revenue 2 15 Code section 401(a), as amended by section 97B.50, 2 16 subsection 1." 2 17 #8. Page 49, line 4, by striking the word 2 18 "However" and inserting the following: "In addition". 2 19 #9. Page 51, line 4, by inserting after the word 2 20 "departments." the following: "However, the protocols 2 21 and guidelines shall not be applied to members of a 2 22 police or fire department of a city who are covered by 2 23 chapter 20 except through the collective bargaining 2 24 process as provided under chapter 20." 2 25 #10. By striking page 73, line 19, through page 2 26 76, line 5, and inserting the following: 2 27 "Sec. . Section 602.9104, subsection 1, Code 2 28 1999, is amended to read as follows: 2 29 1. A judge to whom this article applies, shall be 2 30 paid an amount equal toninety-sixninety-five percent 2 31 of the basic salary of the judge as set by the general 2 32 assembly. An amount equal tofourfive percent of the 2 33 basic salary of the judge as set by the general 2 34 assembly is designated as the judge's contribution to 2 35 the judicial retirement fund, and shall be paid by the 2 36 state in the manner provided in subsection 2. 2 37 Sec. . Section 602.9104, subsection 4, 2 38 paragraph a, subparagraph (2), Code 1999, is amended 2 39 to read as follows: 2 40 (2) "Fully funded status" means that the most 2 41 recent actuarial valuation reflects that, using the 2 42aggregate costprojected unit credit method in 2 43 accordance with generally recognized and accepted 2 44 actuarial principles and practices set forth by the 2 45 American academy of actuaries, the funded status of 2 46 the system is at least one hundred percent. 2 47 Sec. . Section 602.9104, subsection 4, 2 48 paragraph b, Code 1999, is amended to read as follows: 2 49 b. Effective with the fiscal year commencing July 2 50 1, 1994, and for each subsequent fiscal year until the 3 1 system attains fully funded status, based upon the 3 2 benefits provided for judges through the judicial 3 3 retirement system as of July 1, 2001, the state shall 3 4 contribute annually to the judicial retirement fund an 3 5 amount equal to at least twenty-three and seven-tenths 3 6 percent of the basic salary of all judges covered 3 7 under this article. Commencing with the first fiscal 3 8 year in which the system attains fully funded status, 3 9 based upon the benefits provide for judges through the 3 10 judicial retirement system as of July 1, 2001, and for 3 11 each subsequent fiscal year, the state shall 3 12 contribute to the judicial retirement fund the 3 13 required contribution rate. The state's contribution 3 14 shall be appropriated directly to the judicial 3 15 retirement fund." 3 16 #11. Page 78, by inserting after line 29 the 3 17 following: 3 18 "Sec. ____. JUDICIAL RETIREMENT SYSTEM – 3 19 LEGISLATIVE INTENT – NOTIFICATION – REPORT. 3 20 1. It is the intent of the general assembly that 3 21 once the judicial retirement system attains fully 3 22 funded status based upon the benefits provided for 3 23 judges through July 1, 2001, the employer and employee 3 24 contribution rates established to fund the judicial 3 25 retirement system should be adjusted to reflect the 3 26 ratio of employer and employee contribution rates 3 27 required under the Iowa public employees' retirement 3 28 system. 3 29 2. The state court administrator shall notify, in 3 30 writing, the public retirement systems committee 3 31 established in section 97D.4, when the judicial branch 3 32 anticipates that the judicial retirement system is 3 33 within two additional fiscal years of attaining fully 3 34 funded status as defined in section 602.9104 based 3 35 upon the benefits provided for judges through July 1, 3 36 2001. In addition, the state court administrator 3 37 shall, following the notification to the committee as 3 38 provided in this section and in consultation with the 3 39 Iowa judges association, conduct a study and submit a 3 40 report, including its findings and recommendations, to 3 41 the public retirement systems committee prior to the 3 42 next scheduled meeting of the committee concerning 3 43 appropriate methods of adequately financing the 3 44 judicial retirement system once the system reaches 3 45 fully funded status. In conducting the study, the 3 46 state court administrator shall consider, and make 3 47 recommendations concerning, the appropriateness of 3 48 funding the judicial retirement system by establishing 3 49 employer and employee contribution rates which shall 3 50 maintain the actuarial soundness of the system and 4 1 which shall reflect the intent of the general assembly 4 2 as contemplated in subsection 1." 4 3 #12. By renumbering as necessary. 4 4 4 5 4 6 4 7 SHELDON RITTMER 4 8 SF 2411.307 78 4 9 ec/cf
Text: S05100 Text: S05102 Text: S05100 - S05199 Text: S Index Bills and Amendments: General Index Bill History: General Index
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