Text: S05224 Text: S05226 Text: S05200 - S05299 Text: S 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 24, by inserting after line 33 the
1 4 following:
1 5 "Sec. ___. IOWA PUBLIC EMPLOYEES' RETIREMENT
1 6 SYSTEM – TEMPORARY LAYOFFS – AVERAGE COVERED WAGE
1 7 RECALCULATION.
1 8 1. Notwithstanding any provision of chapter 97B to
1 9 the contrary, a member of the Iowa public employees'
1 10 retirement system who has an employer-mandated
1 11 reduction in hours but remains on the employer's
1 12 payroll, and who would receive a reduction in the
1 13 member's three-year average covered wage as a result
1 14 of the reduction in hours, may have the member's
1 15 retirement allowance calculated based on the three-
1 16 year average covered wage the member would have
1 17 received, based on reasonable assumptions, if the
1 18 member had not been subject to the employer-mandated
1 19 reduction in hours, upon payment by the member of the
1 20 applicable contribution amount. For purposes of this
1 21 section, the applicable contribution amount is an
1 22 amount equal to the employee and employer
1 23 contributions that would have been paid to the system
1 24 based on the wages that the member would have received
1 25 but for the employer-mandated reduction in hours and
1 26 would have been included in the member's three-year
1 27 average covered wage.
1 28 2. The payment of the applicable contribution
1 29 amount under this section shall be treated as pick-up
1 30 contributions in addition to amounts picked up under
1 31 section 97B.11A. The member must notify the Iowa
1 32 public employees' retirement system and the member's
1 33 employer prior to the member terminating employment
1 34 covered under the system so that the appropriate
1 35 calculations can be made and the applicable
1 36 contribution amount for the member can be deducted
1 37 from the member's wages. The Iowa public employees'
1 38 retirement system shall have no liability for a
1 39 member's failure to notify the system and the member's
1 40 employer in time to make such calculations and deduct
1 41 the applicable contribution amount from the member's
1 42 remaining wage payments.
1 43 3. This section shall apply to employer-mandated
1 44 reductions in hours during the period of time
1 45 beginning on or after January 1, 2002, and ending no
1 46 later than June 30, 2003. The system is authorized to
1 47 adopt such rules, including emergency rules, as it
1 48 deems necessary or prudent to implement this section."
1 49 #2. By renumbering as necessary.
1 50
2 1
2 2
2 3 JOHN P. KIBBIE
2 4
2 5
2 6
2 7 SHELDON RITTMER
2 8
2 9
2 10
2 11 RICHARD F. DRAKE
2 12 HF 2532.305 79
2 13 ec/cf
Text: S05224 Text: S05226 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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