Text: HF00327 Text: HF00329 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 97A.12, Code 2001, is amended to read 1 2 as follows: 1 3 97A.12 EXEMPTION FROM EXECUTION AND OTHER PROCESS OR 1 4 ASSIGNMENT EXCEPTIONS. 1 5 1. The right of any person to a pension, annuity, or 1 6 retirement allowance, to the return of contributions, the 1 7 pension, annuity, or retirement allowance itself, any optional 1 8 benefit or death benefit, any other right accrued or accruing 1 9 to any person under this chapter, and the moneys in the 1 10 various funds created under this chapter, are not subject to 1 11 execution, garnishment, attachment, or any other process 1 12 whatsoever, and are unassignable except for the purposes of 1 13 enforcing child, spousal, or medical support obligations or 1 14 marital property orders, or as otherwise specifically provided 1 15 in this chapter. For the purposes of enforcing child, 1 16 spousal, or medical support obligations, the garnishment or 1 17 attachment of or the execution against compensation due a 1 18 person under this chapter shall not exceed the amount 1 19 specified in 15 U.S.C. } 1673(b). 1 20 2. A beneficiary may, upon written application with the 1 21 department, request that a portion of the beneficiary's 1 22 retirement allowance be assigned to pay for all or a portion 1 23 of the premium cost for health insurance or health benefit 1 24 coverage for the beneficiary. 1 25 Sec. 2. Section 97B.39, Code 2001, is amended to read as 1 26 follows: 1 27 97B.39 RIGHTS NOT TRANSFERABLE OR SUBJECT TO LEGAL PROCESS 1 28 EXCEPTIONS. 1 29 1. The right of any person to any future payment under 1 30 this chapter is not transferable or assignable, at law or in 1 31 equity, and the moneys paid or payable or rights existing 1 32 under this chapter are not subject to execution, levy, 1 33 attachment, garnishment, or other legal process, or to the 1 34 operation of any bankruptcy or insolvency law except for the 1 35 purposes of enforcing child, spousal, or medical support 2 1 obligations or marital property orders, or as otherwise 2 2 specifically provided in this section. For the purposes of 2 3 enforcing child, spousal, or medical support obligations, the 2 4 garnishment or attachment of or the execution against 2 5 compensation due a person under this chapter shall not exceed 2 6 the amount specified in 15 U.S.C. } 1673(b). The department 2 7 shall comply with the provisions of a marital property order 2 8 requiring the selection of a particular benefit option, 2 9 designated beneficiary, or contingent annuitant if the 2 10 selection is otherwise authorized by this chapter and the 2 11 member has not received payment of the member's first 2 12 retirement allowance. However, a marital property order shall 2 13 not require the payment of benefits to an alternative payee 2 14 prior to the member's retirement, prior to the date the member 2 15 elects to receive a lump sum distribution of accumulated 2 16 contributions pursuant to section 97B.53, or in an amount that 2 17 exceeds the benefits the member would otherwise be eligible to 2 18 receive pursuant to this chapter. 2 19 2. A member may, upon written application with the 2 20 department, request that a portion of the member's monthly 2 21 retirement allowance be assigned to pay for all or a portion 2 22 of the premium cost for health insurance or health benefit 2 23 coverage for the member. 2 24 Sec. 3. NEW SECTION. 602.9109A ASSIGNMENT OF ANNUITIES 2 25 HEALTH INSURANCE OR BENEFITS. 2 26 A person receiving an annuity under this article may, upon 2 27 written application with the state court administrator, 2 28 request that a portion of the person's monthly annuity be 2 29 assigned to pay for all or a portion of the premium cost for 2 30 health insurance or health benefit coverage for the person. 2 31 EXPLANATION 2 32 This bill provides that a person receiving a retirement 2 33 allowance under the public safety peace officers' retirement, 2 34 accident, and disability system, the Iowa public employee's 2 35 retirement system, or the judicial retirement system may, upon 3 1 written application, request that a portion of the person's 3 2 retirement allowance be assigned to pay for health insurance 3 3 or health benefit coverage. 3 4 LSB 1735HH 79 3 5 ec/cf/24
Text: HF00327 Text: HF00329 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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