Text: S05102 Text: S05104 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 48, by inserting after line 3 the 1 3 following: 1 4 "Sec. Section 97B.73, subsection 1, Code 1999, 1 5 is amended to read as follows: 1 6 1. a. A vested or retired member who has one or 1 7 more full calendar years of covered wages who was in 1 8 public employment comparable to employment covered 1 9 under this chapter in another state or in the federal 1 10 government, or who was a member of another public 1 11 retirement system in this state, including but not 1 12 limited to the teachers insurance annuity association- 1 13 college retirement equities fund, but who was not 1 14 retired under that system, upon submitting 1 15 verification of membership and service in the other 1 16 public system to the department, including proof that 1 17 the member has no further claim upon a retirement 1 18 benefit from that other public system, may make 1 19 contributions as provided by this section to the 1 20 system either for the entire period of service in the 1 21 other public system, or for partial service in the 1 22 other public system in increments of one or more 1 23 calendar quarters. If the member wishes to transfer 1 24 only a portion of the service value of another public 1 25 system to this system and the other public system 1 26 allows a partial withdrawal of a member's system 1 27 credits, the member shall receive credit for 1 28 membership service in this system equivalent to the 1 29 period of service transferred from the other public 1 30 system. 1 31 b. A vested or retired member who has five or more 1 32 full calendar years of covered wages who was in public 1 33 employment comparable to employment covered under this 1 34 chapter in a qualified Canadian governmental entity 1 35 may make contributions as provided by this section to 1 36 the system and receive service credit, in increments 1 37 of one or more calendar quarters, for up to the lesser 1 38 of twenty quarters of service credit for such 1 39 employment or the entire period of service in the 1 40 other public system. Prior to receiving service 1 41 credit, the member shall submit verification of 1 42 membership and service in the other public system to 1 43 the department, including proof that the member has no 1 44 further claim upon a retirement benefit from that 1 45 other public system. If the member wishes to transfer 1 46 only a portion of the service value of another public 1 47 system to this system and the other public system 1 48 allows a partial withdrawal of a member's system 1 49 credits, the member shall receive credit for 1 50 membership service in this system equivalent to the 2 1 period of service transferred from the other public 2 2 system. For purposes of this paragraph, "qualified 2 3 Canadian governmental entity" means an elementary 2 4 school, secondary school, college, or university that 2 5 is organized, administered, and primarily supported by 2 6 the provincial, territorial, or federal governments of 2 7 Canada, or any combination of the same." 2 8 #2. By renumbering as necessary. 2 9 2 10 2 11 2 12 DONALD B. REDFERN 2 13 2 14 2 15 2 16 2 17 2 18 2 19 SF 2411.201 78 2 20 ec/gg
Text: S05102 Text: S05104 Text: S05100 - S05199 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 9 03:35:50 CST 2000
URL: /DOCS/GA/78GA/Legislation/S/05100/S05103/000308.html
jhf