Text: H08168 Text: H08170 Text: H08100 - H08199 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2532 as follows: 1 2 #1. Page 17, line 30, by striking the words 1 3 "paragraph "c"" and inserting the following: 1 4 "paragraph "a", "b", "c", or "e", or paragraph "d", 1 5 subparagraph (1)". 1 6 #2. Page 17, line 31, by striking the word "that" 1 7 and inserting the following: "the selected". 1 8 #3. Page 17, line 32, by inserting after the word 1 9 "paragraph" the following: "or subparagraph". 1 10 #4. Page 18, line 3, by inserting after the word 1 11 "benefit" the following: "based upon the member's 1 12 account". 1 13 #5. Page 18, lines 9 and 10, by striking the words 1 14 "certified record of the member's wage history from 1 15 social security" and inserting the following: "copy 1 16 of the estimate provided by the federal social 1 17 security administration of the member's monthly 1 18 federal social security benefit that would be payable 1 19 on the date the member would be first eligible to 1 20 receive a reduced social security pension benefit". 1 21 #6. Page 20, line 5, by inserting after the word 1 22 "payee" the following: ", who is a spouse or former 1 23 spouse,". 1 24 #7. Page 24, line 26, by inserting after the word 1 25 "eligible" the following: "governmental". 1 26 #8. Page 32, by striking lines 25 through 27. 1 27 #9. Page 32, line 28, by striking the figure "2." 1 28 #10. Page 32, by inserting after line 32 the 1 29 following: 1 30 "Sec. . NEW SECTION. 602.9107C IOWA PUBLIC 1 31 EMPLOYEES' RETIREMENT SYSTEM SERVICE CREDIT. 1 32 1. A judge under this system who has at least six 1 33 years of service as a judge of any of the courts 1 34 included in this article and who was a member of the 1 35 Iowa public employees' retirement system as provided 1 36 in chapter 97B, but who was not retired under that 1 37 system, upon submitting verification of membership and 1 38 service in the Iowa public employees' retirement 1 39 system to the court administrator, including proof 1 40 that the judge has no further claim upon a retirement 1 41 benefit from that public system, may make 1 42 contributions as provided by this section to the 1 43 system either for the entire period of service in the 1 44 other public system, or for partial service in the 1 45 other public system in increments of one or more 1 46 calendar quarters, and receive credit for that service 1 47 under the system. 1 48 2. The contributions required to be made for 1 49 purposes of this section shall be in an amount equal 1 50 to the actuarial cost of the service purchase. For 2 1 purposes of this subsection, the actuarial cost of the 2 2 service purchase is an amount determined by the court 2 3 administrator in accordance with actuarial tables, as 2 4 reported to the court administrator by the system's 2 5 actuary, which reflects the actuarial cost necessary 2 6 to fund an increased retirement annuity resulting from 2 7 the purchase of additional service. 2 8 3. A judge eligible for an increased retirement 2 9 annuity because of the payment of contributions under 2 10 this section is entitled to receipt of retroactive 2 11 adjustment payments for no more than six months 2 12 immediately preceding the month in which the judge 2 13 pays contributions under this section. 2 14 4. The court administrator shall ensure that the 2 15 judge, in exercising an option provided in this 2 16 section, does not exceed the amount of annual 2 17 additions to a judge's account permitted pursuant to 2 18 section 415 of the Internal Revenue Code." 2 19 #11. By renumbering as necessary. 2 20 2 21 2 22 2 23 ELGIN of Linn 2 24 HF 2532.702 79 2 25 ec/cls
Text: H08168 Text: H08170 Text: H08100 - H08199 Text: H Index Bills and Amendments: General Index Bill History: General Index
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