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House Amendment 8419

Amendment Text

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 employed by a covered employer under this
  1 35 chapter but at the time of the employment was not
  1 36 covered by this chapter and did not opt out of
  1 37 coverage under this chapter in 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's last
  3 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 receiving at or had received as of the time the judge
  3 45 becomes became 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 receiving at or
  4  4 had received as of the time the judge becomes became
  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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