Text: H08418 Text: H08420 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2532, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 11, by inserting after line 31 the 1 4 following: 1 5 "Sec. . NEW SECTION. 97B.42C RETIREMENT 1 6 SYSTEM MERGER MUNICIPAL UTILITY RETIREMENT SYSTEM. 1 7 A municipal water utility or waterworks that has 1 8 established a pension and annuity retirement system 1 9 for its employees pursuant to chapter 412 may adopt a 1 10 resolution to authorize the merger of its pension and 1 11 annuity retirement system with and into the Iowa 1 12 public employees' retirement system. The system is 1 13 authorized, but is not required, to accept such a 1 14 proposal. The governing body of the municipal water 1 15 utility or waterworks and the Iowa public employees' 1 16 retirement system shall, acting in their fiduciary 1 17 capacities, mutually determine the terms and 1 18 conditions of such a merger, including any additional 1 19 funds necessary to fund the service credits being 1 20 transferred to the Iowa public employees' retirement 1 21 system, and either party may decline the merger if 1 22 they cannot agree on such terms and conditions. The 1 23 system shall adopt such rules as it deems necessary 1 24 and prudent to effectuate mergers as provided by this 1 25 section." 1 26 #2. Page 13, line 35, by striking the word "forty" 1 27 and inserting the following: "twenty-five". 1 28 #3. Page 21, by inserting after line 3, the 1 29 following: 1 30 "Sec. . Section 97B.80A, subsections 1 and 3, 1 31 Code 2001, are amended to read as follows: 1 32 1. A vested or retired member who has five or more 1 33 full calendar years of covered wages and who at any 1 34 time was employedby a covered employer under this1 35chapter but at the time of the employment was not1 36covered by this chapter and did not opt out of1 37coverage under this chapterin eligible public 1 38 employment, upon submitting verification of the 1 39 eligible public employment and the dates of the 1 40 eligible public employment, may make contributions to 1 41 the system for up to the lesser of twenty quarters of 1 42 service credit for such eligible public employment or 1 43 the entire period of the eligible public employment, 1 44 in increments of one or more calendar quarters, and 1 45 receive credit for membership service and prior 1 46 service for the period of time for which the 1 47 contributions are made. 1 48 3. The verification of the eligible public 1 49 employment and the dates of such eligible public 1 50 employment shall be made by the department prior to 2 1 receiving contributions from the member. 2 2 Sec. . Section 97B.80A, Code 2001, is amended 2 3 by adding the following new subsection: 2 4 NEW SUBSECTION. 7. For purposes of this section, 2 5 "eligible public employment" means employment of a 2 6 person who at the time of the employment was not 2 7 covered by this chapter and the employment meets any 2 8 of the following conditions: 2 9 a. Employment by a covered employer under this 2 10 chapter of a person who did not opt out of coverage 2 11 under this chapter. 2 12 b. Employment of a person as an adjunct instructor 2 13 as defined in section 97B.1A, subsection 8." 2 14 #4. Page 24, by inserting after line 33 the 2 15 following: 2 16 "Sec. . NEW SECTION. 97C.21 VOLUNTARY 2 17 COVERAGE OF ELECTED OFFICIALS. 2 18 Notwithstanding any provision of this chapter to 2 19 the contrary, an elected official otherwise excluded 2 20 from the definition of employee as provided in section 2 21 97C.2, may, but is not required to, choose to be 2 22 provided benefits as an employee as provided by this 2 23 chapter. This choice shall be reflected in the 2 24 federal-state agreement described in section 97C.3. 2 25 An employer who is providing benefits to an elected 2 26 official otherwise excluded from the definition of 2 27 employee prior to July 1, 2002, shall not be deemed to 2 28 be in an erroneous reporting situation, and 2 29 corrections for prior federal social security 2 30 withholdings shall not be required. The 2 31 implementation of this section shall be subject to the 2 32 approval of the federal social security 2 33 administration." 2 34 #5. Page 24, by inserting after line 33 the 2 35 following: 2 36 "Sec. ___. IOWA PUBLIC EMPLOYEES' RETIREMENT 2 37 SYSTEM TEMPORARY LAYOFFS AVERAGE COVERED WAGE 2 38 RECALCULATION. 2 39 1. Notwithstanding any provision of chapter 97B to 2 40 the contrary, a member of the Iowa public employees' 2 41 retirement system who has an employer-mandated 2 42 reduction in hours but remains on the employer's 2 43 payroll, and who would receive a reduction in the 2 44 member's three-year average covered wage as a result 2 45 of the reduction in hours, may have the member's 2 46 retirement allowance calculated based on the three- 2 47 year average covered wage the member would have 2 48 received, based on reasonable assumptions, if the 2 49 member had not been subject to the employer-mandated 2 50 reduction in hours, upon payment by the member of the 3 1 applicable contribution amount. For purposes of this 3 2 section, the applicable contribution amount is an 3 3 amount equal to the employee and employer 3 4 contributions that would have been paid to the system 3 5 based on the wages that the member would have received 3 6 but for the employer-mandated reduction in hours and 3 7 would have been included in the member's three-year 3 8 average covered wage. 3 9 2. The payment of the applicable contribution 3 10 amount under this section shall be treated as pick-up 3 11 contributions in addition to amounts picked up under 3 12 section 97B.11A. The member must notify the Iowa 3 13 public employees' retirement system and the member's 3 14 employer prior to the member terminating employment 3 15 covered under the system so that the appropriate 3 16 calculations can be made and the applicable 3 17 contribution amount for the member can be deducted 3 18 from the member's wages. The Iowa public employees' 3 19 retirement system shall have no liability for a 3 20 member's failure to notify the system and the member's 3 21 employer in time to make such calculations and deduct 3 22 the applicable contribution amount from the member's 3 23 remaining wage payments. 3 24 3. This section shall apply to employer-mandated 3 25 reductions in hours during the period of time 3 26 beginning on or after January 1, 2002, and ending no 3 27 later than June 30, 2003. The system is authorized to 3 28 adopt such rules, including emergency rules, as it 3 29 deems necessary or prudent to implement this section." 3 30 #6. Page 32, by inserting after line 34 the 3 31 following: 3 32 "Sec. . Section 602.9107, subsection 1, 3 33 paragraph a, Code 2001, is amended to read as follows: 3 34 a. The annual annuity of a judge under this system 3 35 is an amount equal to three percent of the judge's 3 36 average annual basic salary for the judge'slast3 37 highest three years as a judge of one or more of the 3 38 courts included in this article, multiplied by the 3 39 judge's years of service as a judge of one or more of 3 40 the courts for which contributions were made to the 3 41 system. However, an annual annuity shall not exceed 3 42 an amount equal to a specified percentage of the 3 43 highest basic annual salary which the judge is 3 44 receivingator had received as of the time the judge 3 45becomesbecame separated from service. Forfeitures 3 46 shall not be used to increase the annuities a judge or 3 47 survivor would otherwise receive under the system." 3 48 #7. Page 34, by inserting after line 16 the 3 49 following: 3 50 "Sec. . Section 602.9204, subsection 2, 4 1 paragraph b, Code 2001, is amended to read as follows: 4 2 b. "Basic senior judge salary" means the highest 4 3 basic annual salary which the judge is receivingator 4 4 had received as of the time the judgebecomesbecame 4 5 separated from full-time service, as would be used in 4 6 computing an annuity pursuant to section 602.9107 4 7 without service as a senior judge, plus seventy-five 4 8 percent of the escalator." 4 9 #8. By renumbering, relettering, or redesignating 4 10 and correcting internal references as necessary. 4 11 HF 2532S 4 12 ec/cc/26
Text: H08418 Text: H08420 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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