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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