Text: HF02082 Text: HF02084 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 97B.48A, subsection 1, Code 2001, is
1 2 amended by striking the subsection and inserting in lieu
1 3 thereof the following:
1 4 1. A member who has a bona fide retirement under this
1 5 chapter may return to regular full-time covered employment
1 6 during a calendar year and shall continue to receive a
1 7 retirement allowance without a reduction after return to
1 8 covered employment regardless of the amount of remuneration
1 9 received.
1 10 EXPLANATION
1 11 This bill provides that an Iowa public employees'
1 12 retirement system (IPERS) member who has a bona fide
1 13 retirement can return to public employment covered by IPERS
1 14 and continue to receive the member's retirement allowance
1 15 without a reduction. Under current law, an IPERS member
1 16 receiving a retirement allowance who is under age 55 will have
1 17 the member's IPERS retirement allowance reduced by $.50 for
1 18 each dollar the member earns over $14,000 in a calendar year
1 19 in employment covered by IPERS.
1 20 LSB 5225HH 79
1 21 ec/sh/8
Text: HF02082 Text: HF02084 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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