House Journal: Page 994: Tuesday, March 26, 2002
34 5. Page 24, by inserting after line 33 the
35 following:
36 "Sec. ___. IOWA PUBLIC EMPLOYEES' RETIREMENT
37 SYSTEM - TEMPORARY LAYOFFS - AVERAGE COVERED WAGE
38 RECALCULATION.
39 1. Notwithstanding any provision of chapter 97B to
40 the contrary, a member of the Iowa public employees'
41 retirement system who has an employer-mandated
42 reduction in hours but remains on the employer's
43 payroll, and who would receive a reduction in the
44 member's three-year average covered wage as a result
45 of the reduction in hours, may have the member's
46 retirement allowance calculated based on the three-
47 year average covered wage the member would have
48 received, based on reasonable assumptions, if the
49 member had not been subject to the employer-mandated
50 reduction in hours, upon payment by the member of the
Page 3
1 applicable contribution amount. For purposes of this
2 section, the applicable contribution amount is an
3 amount equal to the employee and employer
4 contributions that would have been paid to the system
5 based on the wages that the member would have received
6 but for the employer-mandated reduction in hours and
7 would have been included in the member's three-year
8 average covered wage.
9 2. The payment of the applicable contribution
10 amount under this section shall be treated as pick-up
11 contributions in addition to amounts picked up under
12 section 97B.11A. The member must notify the Iowa
13 public employees' retirement system and the member's
14 employer prior to the member terminating employment
15 covered under the system so that the appropriate
16 calculations can be made and the applicable
17 contribution amount for the member can be deducted
18 from the member's wages. The Iowa public employees'
19 retirement system shall have no liability for a
20 member's failure to notify the system and the member's
21 employer in time to make such calculations and deduct
22 the applicable contribution amount from the member's
23 remaining wage payments.
24 3. This section shall apply to employer-mandated
25 reductions in hours during the period of time
26 beginning on or after January 1, 2002, and ending no
27 later than June 30, 2003. The system is authorized to
28 adopt such rules, including emergency rules, as it
29 deems necessary or prudent to implement this section."
30 6. Page 32, by inserting after line 34 the
31 following:
32 "Sec. . Section 602.9107, subsection 1,
© 2002 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Mar 27 09:01:00 CST 2002
URL: /DOCS/GA/79GA/Session.2/HJournal/00900/00994.html
jhf