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House Amendment 8262

Amendment Text

PAG LIN
  1  1    Amend House File 2532 as follows:
  1  2    #1.  Page 1, line 22, by striking the figure
  1  3 "2004", and inserting the following:  "2005".
  1  4    #2.  Page 1, by striking lines 23 through 29 and
  1  5 inserting the following:
  1  6    "b.  Beginning on or after July 1, 2005, four and
  1  7 one-tenths percent."
  1  8    #3.  Page 1, line 32, by striking the figure
  1  9 "2006", and inserting the following:  "2005".
  1 10    #4.  By striking page 1, line 34, through page 3,
  1 11 line 3, and inserting the following:
  1 12    "b.  Beginning on or after July 1, 2005, six and
  1 13 thirty-five hundredths percent."
  1 14    #5.  Page 4, line 22, by striking the words "at
  1 15 least fifty years of age" and inserting the following:
  1 16 "either at least fifty-five years of age or is at
  1 17 least fifty years of age with at least twenty-two
  1 18 years of eligible service".
  1 19    #6.  Page 6, line 6, by inserting after the words
  1 20 "For purposes of" the following:  "determining a bona
  1 21 fide retirement under".
  1 22    #7.  Page 7, by inserting after line 3 the
  1 23 following:
  1 24    "Sec.    .  FAVORABLE EXPERIENCE DIVIDEND RESERVE
  1 25 ACCOUNT – DEPOSIT OF INVESTMENT RETURN.
  1 26 Notwithstanding any provision of chapter 97B to the
  1 27 contrary, the Iowa public employees' retirement system
  1 28 shall have the authority to credit the lesser of the
  1 29 system's actuarial interest rate assumption or the
  1 30 system's actual investment return to the favorable
  1 31 experience dividend reserve account created in section
  1 32 97B.49F.  This authority applies to the fiscal year
  1 33 beginning July 1, 2003, and ending June 30, 2004."
  1 34    #8.  Page 9, by inserting after line 3 the
  1 35 following:
  1 36    "Sec.    .  EFFECTIVE DATE.  The section of this
  1 37 Act providing for the deposit of investment return to
  1 38 the favorable experience dividend reserve account,
  1 39 being deemed of immediate importance, takes effect
  1 40 upon enactment."
  1 41    #9.  By renumbering as necessary.  
  1 42 
  1 43 
  1 44                               
  1 45 ELGIN of Linn
  1 46 HF 2532.202 80
  1 47 ec/sh
     

Text: H08261                            Text: H08263
Text: H08200 - H08299                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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