House Journal: Page 941: Thursday, March 23, 2000
20 "b", as applicable. This paragraph shall not be
21 implemented until the system has received a
22 determination letter from the federal internal revenue
23 service approving the system's plan's qualified status
24 under Internal Revenue Code section 401(a)."
25 15. Page 43, line 3, by striking the words "An
26 individual" and inserting the following: "A
27 beneficiary".
28 16. Page 43, line 4, by striking the word
29 "individual's" and inserting the following:
30 "beneficiary's".
31 17. Page 44, line 26, by striking the words
32 "three calendar months" and inserting the following:
33 "one calendar month".
34 18. Page 52, line 17, by inserting after the word
35 "but" the following: "at the time of the employment".
36 19. Page 55, by inserting after line 16 the
37 following:
38 "Sec. . IOWA PUBLIC EMPLOYEES' RETIREMENT
39 SYSTEM - DEATH BENEFIT ELECTION.
40 1. Notwithstanding any provision of chapter 97B to
41 the contrary, an eligible beneficiary may elect to
42 receive a death benefit as provided by this section in
43 an amount as authorized pursuant to section 52 of this
44 Act. For purposes of this section, an "eligible
45 beneficiary" means a person who is eligible to
46 receive, or has received, a death benefit pursuant to
47 Iowa Code section 97B.52, subsection 1, Code 1999, as
48 a beneficiary of a member of the Iowa public
49 employees' retirement system who died on or after
50 January 1, 1999, but before the date section 52 of
Page 3
1 this Act is implemented pursuant to section 74 of this
2 Act.
3 2. An eligible beneficiary may elect to receive a
4 death benefit in an amount as provided in section 52
5 of this Act in lieu of a benefit as provided pursuant
6 to section 97B.52, subsection 1, Code 1999, by filing
7 a valid election with the Iowa public employees'
8 retirement system in a manner prescribed by the system
9 no later than one year following the date section 52
10 of this Act is implemented pursuant to section 74 of
11 this Act.
12 3. An eligible beneficiary who has received a
13 death benefit pursuant to section 97B.52, subsection
14 1, Code 1999, but who files an election to receive a
15 death benefit as provided in this section shall make
16 arrangements with the Iowa public employees'
17 retirement system to repay any death benefits paid by
18 the system to the eligible beneficiary prior to
© 2000 Cornell College and
League of Women Voters of Iowa
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