Text: S05235 Text: S05237 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 2411, as amended, passed, and
1 2 reprinted by the Senate, as follows:
1 3 #1. Page 1, line 15, by striking the word "and".
1 4 #2. Page 1, line 16, by inserting after the word
1 5 "system" the following: ", and a person appointed by
1 6 the governor".
1 7 #3. Page 1, line 16, by striking the word "Both"
1 8 and inserting the following: "The person appointed by
1 9 the governor shall be an executive of a domestic life
1 10 insurance company, an executive of a state or national
1 11 bank operating within the state of Iowa, or an
1 12 executive in the financial services industry, and
1 13 shall be subject to confirmation by the senate. The".
1 14 #4. Page 1, line 17, by inserting after the word
1 15 "system" the following: "and the person appointed by
1 16 the governor".
1 17 #5. Page 3, by striking lines 6 through 15.
1 18 #6. Page 4, line 28, by inserting after the word
1 19 "pension" the following: "of a retired member".
1 20 #7. Page 4, line 30, by striking the words "or
1 21 death".
1 22 #8. Page 8, by striking lines 8 through 18.
1 23 #9. Page 12, line 21, by inserting after the word
1 24 "Code." the following: "In addition, wages includes
1 25 amounts that can be received in cash in lieu of
1 26 employer-paid contributions to such plans, if the
1 27 election is uniformly available and is not limited to
1 28 highly compensated employees, as defined in section
1 29 414(q) of the Internal Revenue Code."
1 30 #10. Page 13, line 22, by inserting after the word
1 31 "contributions" the following: "that cannot be
1 32 received by the employee in cash and that are made".
1 33 #11. Page 14, by striking lines 13 through 15.
1 34 #12. Page 19, by inserting after line 19 the
1 35 following:
1 36 "Sec. . Section 97B.48, subsection 3, Code
1 37 1999, is amended to read as follows:
1 38 3. As of the first of the month in which a member
1 39 attains the age of seventy years, the department shall
1 40 provide written notification to the member that the
1 41 member may commence receiving a retirement allowance
1 42 regardless of the member's employment status. Prior
1 43 to receiving a retirement allowance pursuant to this
1 44 subsection, a member shall acknowledge in writing that
1 45 the member was informed by the department of the
1 46 consequences of electing to receive a retirement
1 47 allowance pursuant to this subsection and that receipt
1 48 of a retirement allowance under this subsection is
1 49 optional. Upon termination from employment of a
1 50 member receiving a retirement allowance pursuant to
2 1 this subsection, the member is entitled to have the
2 2 member's monthly retirement allowance recalculated
2 3 using the applicable formula for determining a
2 4 retirement allowance pursuant to sections 97B.49A
2 5 through 97B.49G, as applicable, in place at the time
2 6 of the member's first month of entitlement."
2 7 #13. Page 27, line 35, by striking the word
2 8 "twelve" and inserting the following: "thirty-six".
2 9 #14. Page 28, line 20, by striking the word
2 10 "twelve" and inserting the following: "thirty-six".
2 11 #15. Page 28, by inserting after line 22 the
2 12 following:
2 13 "Sec. ___. Section 97B.50, subsection 2, Code
2 14 1999, is amended by adding the following new
2 15 paragraph:
2 16 NEW PARAGRAPH. c. A vested member who terminated
2 17 service due to a disability, who has been issued
2 18 payment for a refund pursuant to section 97B.53, and
2 19 who subsequently commences receiving disability
2 20 benefits as a result of that disability pursuant to
2 21 the federal Social Security Act, 42 U.S.C. } 423 et
2 22 seq. or the federal Railroad Retirement Act, 45 U.S.C.
2 23 } 231 et seq., may receive credit for membership
2 24 service for the period covered by the refund payment,
2 25 upon repayment to the department of the actuarial cost
2 26 of receiving service credit for the period covered by
2 27 the refund payment, as determined by the department.
2 28 For purposes of this paragraph, the actuarial cost of
2 29 the service purchase shall be determined as provided
2 30 in section 97B.74. The payment to the department as
2 31 provided in this paragraph shall be made within ninety
2 32 days after July 1, 2000, or the date federal
2 33 disability payments commenced, whichever occurs later.
2 34 For purposes of this paragraph, the date federal
2 35 disability payments commence shall be the date that
2 36 the member actually receives the first such payment,
2 37 regardless of any retroactive payments included in
2 38 that payment. A member who repurchases service credit
2 39 under this paragraph and applies for retirement
2 40 benefits shall have the member's monthly allowance,
2 41 including retroactive adjustment payments, determined
2 42 in the same manner as provided in paragraph "a" or
2 43 "b", as applicable. This paragraph shall not be
2 44 implemented until the system has received a
2 45 determination letter from the federal internal revenue
2 46 service approving the system's plan's qualified status
2 47 under Internal Revenue Code section 401(a)."
2 48 #16. Page 43, line 3, by striking the words "An
2 49 individual" and inserting the following: "A
2 50 beneficiary".
3 1 #17. Page 43, line 4, by striking the word
3 2 "individual's" and inserting the following:
3 3 "beneficiary's".
3 4 #18. Page 44, line 26, by striking the words
3 5 "three calendar months" and inserting the following:
3 6 "one calendar month".
3 7 #19. Page 51, by inserting after line 23 the
3 8 following:
3 9 "Sec. Section 97B.73, subsection 1, Code 1999,
3 10 is amended to read as follows:
3 11 1. a. A vested or retired member who has one or
3 12 more full calendar years of covered wages who was in
3 13 public employment comparable to employment covered
3 14 under this chapter in another state or in the federal
3 15 government, or who was a member of another public
3 16 retirement system in this state, including but not
3 17 limited to the teachers insurance annuity association-
3 18 college retirement equities fund, but who was not
3 19 retired under that system, upon submitting
3 20 verification of membership and service in the other
3 21 public system to the department, including proof that
3 22 the member has no further claim upon a retirement
3 23 benefit from that other public system, may make
3 24 contributions as provided by this section to the
3 25 system either for the entire period of service in the
3 26 other public system, or for partial service in the
3 27 other public system in increments of one or more
3 28 calendar quarters. If the member wishes to transfer
3 29 only a portion of the service value of another public
3 30 system to this system and the other public system
3 31 allows a partial withdrawal of a member's system
3 32 credits, the member shall receive credit for
3 33 membership service in this system equivalent to the
3 34 period of service transferred from the other public
3 35 system.
3 36 b. A vested or retired member who has five or more
3 37 full calendar years of covered wages who was in public
3 38 employment comparable to employment covered under this
3 39 chapter in a qualified Canadian governmental entity
3 40 may make contributions as provided by this section to
3 41 the system and receive service credit, in increments
3 42 of one or more calendar quarters, for up to the lesser
3 43 of twenty quarters of service credit for such
3 44 employment or the entire period of service in the
3 45 other public system. Prior to receiving service
3 46 credit, the member shall submit verification of
3 47 membership and service in the other public system to
3 48 the department, including proof that the member has no
3 49 further claim upon a retirement benefit from that
3 50 other public system. If the member wishes to transfer
4 1 only a portion of the service value of another public
4 2 system to this system and the other public system
4 3 allows a partial withdrawal of a member's system
4 4 credits, the member shall receive credit for
4 5 membership service in this system equivalent to the
4 6 period of service transferred from the other public
4 7 system. For purposes of this paragraph, "qualified
4 8 Canadian governmental entity" means an elementary
4 9 school, secondary school, college, or university that
4 10 is organized, administered, and primarily supported by
4 11 the provincial, territorial, or federal governments of
4 12 Canada, or any combination of the same."
4 13 #20. Page 52, line 17, by inserting after the word
4 14 "but" the following: "at the time of the employment".
4 15 #21. Page 55, by inserting after line 16 the
4 16 following:
4 17 "Sec. 101. IOWA PUBLIC EMPLOYEES' RETIREMENT
4 18 SYSTEM – PAYMENT OF ALLOWANCES – ACTIVE MEMBER
4 19 RETIREMENT. Notwithstanding any provision of chapter
4 20 97B to the contrary, an eligible member who terminates
4 21 employment covered by chapter 97B on or after January
4 22 1, 2000, shall have the member's monthly retirement
4 23 allowance recalculated using the applicable formula
4 24 for determining a retirement allowance pursuant to
4 25 sections 97B.49A through 97B.49G, as applicable, in
4 26 place at the time of the member's termination from
4 27 employment. For purposes of this section, an
4 28 "eligible member" is a member who commenced receiving
4 29 a retirement allowance pursuant to section 97B.48,
4 30 subsection 3, prior to July 1, 2000."
4 31 #22. Page 55, by inserting after line 16 the
4 32 following:
4 33 "Sec. . IOWA PUBLIC EMPLOYEES' RETIREMENT
4 34 SYSTEM – DEATH BENEFIT ELECTION.
4 35 1. Notwithstanding any provision of chapter 97B to
4 36 the contrary, an eligible beneficiary may elect to
4 37 receive a death benefit as provided by this section in
4 38 an amount as authorized pursuant to section 52 of this
4 39 Act. For purposes of this section, an "eligible
4 40 beneficiary" means a person who is eligible to
4 41 receive, or has received, a death benefit pursuant to
4 42 Iowa Code section 97B.52, subsection 1, Code 1999, as
4 43 a beneficiary of a member of the Iowa public
4 44 employees' retirement system who died on or after
4 45 January 1, 1999, but before the date section 52 of
4 46 this Act is implemented pursuant to section 74 of this
4 47 Act.
4 48 2. An eligible beneficiary may elect to receive a
4 49 death benefit in an amount as provided in section 52
4 50 of this Act in lieu of a benefit as provided pursuant
5 1 to section 97B.52, subsection 1, Code 1999, by filing
5 2 a valid election with the Iowa public employees'
5 3 retirement system in a manner prescribed by the system
5 4 no later than one year following the date section 52
5 5 of this Act is implemented pursuant to section 74 of
5 6 this Act.
5 7 3. An eligible beneficiary who has received a
5 8 death benefit pursuant to section 97B.52, subsection
5 9 1, Code 1999, but who files an election to receive a
5 10 death benefit as provided in this section shall make
5 11 arrangements with the Iowa public employees'
5 12 retirement system to repay any death benefits paid by
5 13 the system to the eligible beneficiary prior to
5 14 receipt of a death benefit as provided in this
5 15 section.
5 16 4. The Iowa public employees' retirement system
5 17 shall make all reasonable efforts to notify, in
5 18 writing, each eligible beneficiary of the ability to
5 19 elect to receive a death benefit as provided in this
5 20 section in lieu of a death benefit provided pursuant
5 21 to section 97B.52, subsection 1, Code 1999."
5 22 #23. Page 55, by inserting after line 21 the
5 23 following:
5 24 "Sec. . EFFECTIVE DATE. Section 44 of this
5 25 Act, amending section 97B.49F, subsection 2, paragraph
5 26 "c", being deemed of immediate importance, takes
5 27 effect upon enactment."
5 28 #24. Page 55, by inserting after line 21 the
5 29 following:
5 30 "Sec. . APPLICABILITY. Section 97B.51,
5 31 subsection 1, paragraph "d", subparagraph (2), as
5 32 enacted in section 51 of this Act, shall be applicable
5 33 on or after July 1, 2001."
5 34 #25. Page 55, by inserting after line 21 the
5 35 following:
5 36 "Sec. . EFFECTIVE DATE – RETROACTIVE
5 37 APPLICABILITY. Section 101 of this Act, being deemed
5 38 of immediate importance, takes effect upon enactment
5 39 and is retroactively applicable to January 1, 2000,
5 40 and is applicable on and after that date."
5 41 #26. Page 56, lines 5 and 6, by striking the words
5 42 "until the amendment to section 97B.50, subsection 1,
5 43 is implemented,".
5 44 #27. Page 56, line 8, by inserting after the
5 45 figure "97B.49H" the following: "for the calendar
5 46 year beginning January 1, 2001, and each subsequent
5 47 calendar year, until the amendment to section 97B.50,
5 48 subsection 1, is implemented".
5 49 #28. Page 56, lines 17 and 18, by striking the
5 50 words "until the amendment to section 97B.52,
6 1 subsection 1, is implemented,".
6 2 #29. Page 56, line 20, by inserting after the
6 3 figure "97B.49H" the following: "for the calendar
6 4 year beginning January 1, 2001, and each subsequent
6 5 calendar year, until the amendment to section 97B.52,
6 6 subsection 1, is implemented".
6 7 #30. Page 81, by striking lines 5 through 15.
6 8 #31. Page 85, line 17, by striking the words
6 9 "judicial branch" and inserting the following: "state
6 10 court administrator".
6 11 #32. Page 85, by inserting after line 35 the
6 12 following:
6 13 "Sec. . FIRE FIGHTER AND EMERGENCY MEDICAL
6 14 SERVICES PROVIDER BENEFITS – REPORT. The department
6 15 of management shall conduct a study concerning the
6 16 possible implementation of a system to provide
6 17 retirement benefits to volunteer fire fighters and
6 18 emergency medical service personnel and to provide
6 19 death and survivor benefits, including but not limited
6 20 to providing for payment of postsecondary education
6 21 expenses of dependent children, when a volunteer fire
6 22 fighter or emergency medical service provider dies in
6 23 the line of duty. The study shall examine what
6 24 benefits should be provided, if any, as well as
6 25 possible funding mechanisms to provide any such
6 26 proposed benefits, including the use of excess
6 27 insurance premium tax receipts, but excluding the fire
6 28 and police retirement fund created in section 411.8.
6 29 In conducting the study, the department shall consult
6 30 with the department of public safety; the department
6 31 of personnel; and representatives from the Iowa
6 32 firemen's association; the Iowa fire chief's
6 33 association; the Iowa association of professional
6 34 firefighters; the Iowa association of professional
6 35 fire chiefs; the Iowa firefighters group; the state
6 36 fire service and emergency response council, if
6 37 established by law, or the fire service institute
6 38 advisory committee established by section 266.46; the
6 39 Iowa emergency medical services association; and the
6 40 Iowa league of cities. The department shall submit a
6 41 report concerning the results of its study, including
6 42 any findings and recommendations, to the general
6 43 assembly by January 8, 2001."
6 44 #33. By renumbering, relettering, or redesignating
6 45 and correcting internal references as necessary.
6 46 SF 2411H
6 47 ec/jg/25
Text: S05235 Text: S05237 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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