House Journal: Page 948: Thursday, March 23, 2000
19 member receiving a retirement allowance pursuant to
20 this subsection, the member is entitled to have the
21 member's monthly retirement allowance recalculated
22 using the applicable formula for determining a
23 retirement allowance pursuant to sections 97B.49A
24 through 97B.49G, as applicable, in place at the time
25 of the member's first month of entitlement."
26 2. Page 55, by inserting after line 16 the
27 following:
28 "Sec. 101. IOWA PUBLIC EMPLOYEES' RETIREMENT
29 SYSTEM - PAYMENT OF ALLOWANCES - ACTIVE MEMBER
30 RETIREMENT. Notwithstanding any provision of chapter
31 97B to the contrary, an eligible member who terminates
32 employment covered by chapter 97B on or after January
33 1, 2000, shall have the member's monthly retirement
34 allowance recalculated using the applicable formula
35 for determining a retirement allowance pursuant to
36 sections 97B.49a through 97B.49G, as applicable, in
37 place at the time of the member's termination from
38 employment. For purposes of this section, an
39 "eligible member" is a member who commenced receiving
40 a retirement allowance pursuant to section 97B.48,
41 subsection 3, prior to July 1, 2000."
42 3. Page 55, by inserting after line 21 the
43 following:
44 "Sec. . EFFECTIVE DATE - RETROACTIVE
45 APPLICABILITY. Section 101 of this Act, being deemed
46 of immediate importance, takes effect upon enactment
47 and is retroactively applicable to January 1, 2000,
48 and is applicable on and after that date."
49 4. By renumbering as necessary.
Amendment H-8527 was adopted.
Mascher of Johnson offered the following amendment H-8423 filed
by her and moved its adoption:
H-8423
1 Amend Senate File 2411, as amended, passed, and
2 reprinted by the Senate, as follows:
3 1. Page 19, line 29, by striking the word
4 "fourteen" and inserting the following: "twenty-
5 five".
A non-record roll call was requested.
The ayes were 43, nays 49.
© 2000 Cornell College and
League of Women Voters of Iowa
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