Text: H08203 Text: H08205 Text: H08200 - H08299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2549 as follows: 1 2 #1. Page 2, by inserting after line 23 the 1 3 following: 1 4 "Sec. . Section 279.46, Code 2001, is amended 1 5 to read as follows: 1 6 279.46 RETIREMENT INCENTIVES TAX. 1 7 The board of directors of a school district may 1 8 adopt a program for payment of a monetary bonus, 1 9 continuation of health or medical insurance coverage, 1 10 or other incentives for encouraging its employees to 1 11 retire before the normal retirement date as defined in 1 12 chapter 97B. The program is available only to 1 13 employeesbetween fifty-five and sixty-five years of1 14agewho notify the board of directors prior to April 1 1 15 of the fiscal year that they intend to retire not 1 16 later than the next following June 30.However, the1 17 The age at which employees shall be designated 1 18 eligible for the program, within the age range of1 19fifty-five to sixty-five years of age,shall be at the 1 20 discretion of the board. An employee retiring under 1 21 this sectionshallmay apply for a retirement 1 22 allowance under chapter 97B or chapter 294. The board 1 23 may include in the district management levy an amount 1 24 to pay the total estimated accumulated cost to the 1 25 school district of the health or medical insurance 1 26 coverage, bonus, or other incentives for employees 1 27 within the age range of fifty-five to sixty-five years 1 28 of age who retire under this section." 1 29 #2. Title page, by striking lines 1 and 2, and 1 30 inserting the following: "An Act relating to students 1 31 and school district employees by amending the student 1 32 achievement and teacher quality program and language 1 33 pertaining to retirement incentives and providing an 1 34 effective date." 1 35 #3. By renumbering as necessary. 1 36 1 37 1 38 1 39 CARROLL of Poweshiek 1 40 HF 2549.501 79 1 41 kh/pj
Text: H08203 Text: H08205 Text: H08200 - H08299 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 2002 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Mar 8 03:25:52 CST 2002
URL: /DOCS/GA/79GA/Legislation/H/08200/H08204/020306.html
jhf