House Journal: Page 940: Thursday, March 23, 2000
21 death".
22 8. Page 8, by striking lines 8 through 18.
23 9. Page 12, line 21, by inserting after the word
24 "Code." the following: "In addition, wages includes
25 amounts that can be received in cash in lieu of
26 employer-paid contributions to such plans, if the
27 election is uniformly available and is not limited to
28 highly compensated employees, as defined in section
29 414(q) of the Internal Revenue Code."
30 10. Page 13, line 22, by inserting after the word
31 "contributions" the following: "that cannot be
32 received by the employee in cash and that are made".
33 11. Page 14, by striking lines 13 through 15.
34 12. Page 27, line 35, by striking the word
35 "twelve" and inserting the following: "thirty-six".
36 13. Page 28, line 20, by striking the word
37 "twelve" and inserting the following: "thirty-six".
38 14. Page 28, by inserting after line 22 the
39 following:
40 "Sec. ___. Section 97B.50, subsection 2, Code
41 1999, is amended by adding the following new
42 paragraph:
43 NEW PARAGRAPH. c. a vested member who terminated
44 service due to a disability, who has been issued
45 payment for a refund pursuant to section 97B.53, and
46 who subsequently commences receiving disability
47 benefits as a result of that disability pursuant to
48 the federal Social Security Act, 42 U.S.C. § 423 et
49 seq. or the federal Railroad Retirement Act, 45 U.S.C.
50 § 231 et seq., may receive credit for membership
Page 2
1 service for the period covered by the refund payment,
2 upon repayment to the department of the actuarial cost
3 of receiving service credit for the period covered by
4 the refund payment, as determined by the department.
5 For purposes of this paragraph, the actuarial cost of
6 the service purchase shall be determined as provided
7 in section 97B.74. The payment to the department as
8 provided in this paragraph shall be made within ninety
9 days after July 1, 2000, or the date federal
10 disability payments commenced, whichever occurs later.
11 For purposes of this paragraph, the date federal
12 disability payments commence shall be the date that
13 the member actually receives the first such payment,
14 regardless of any retroactive payments included in
15 that payment. a member who repurchases service credit
16 under this paragraph and applies for retirement
17 benefits shall have the member's monthly allowance,
18 including retroactive adjustment payments, determined
19 in the same manner as provided in paragraph "a" or
© 2000 Cornell College and
League of Women Voters of Iowa
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