Text: SF00108 Text: SF00110 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 411.6, subsection 6, paragraph c, Code
1 2 2003, is amended to read as follows:
1 3 c. Upon retirement for accidental disability on or after
1 4 July 1, 1998, but before July 1, 2003, a member shall receive
1 5 an accidental disability retirement allowance which shall
1 6 consist of a pension in an amount equal to the greater of
1 7 sixty percent of the member's average final compensation or
1 8 the retirement allowance that the member would receive under
1 9 subsection 2 if the member had attained fifty-five years of
1 10 age.
1 11 Sec. 2. Section 411.6, subsection 6, Code 2003, is amended
1 12 by adding the following new paragraph:
1 13 NEW PARAGRAPH. d. Upon retirement for accidental
1 14 disability on or after July 1, 2003, a member shall receive an
1 15 accidental disability retirement allowance which shall consist
1 16 of a pension equal to eighty-two percent of the member's
1 17 average final compensation.
1 18 EXPLANATION
1 19 This bill changes the retirement allowance a member under
1 20 the statewide fire and police retirement system (Code chapter
1 21 411) receives upon an accidental disability. Under current
1 22 law, for an accidental disability retirement, the member
1 23 receives a retirement allowance equal to the greater of 60
1 24 percent of average final compensation or the benefit amount
1 25 calculated under a service retirement if the member were 55
1 26 years of age. The maximum service retirement for a normal
1 27 retirement can be 82 percent if the member has served 30 years
1 28 of service. Under the bill, the member would receive 82
1 29 percent for an accidental disability retirement regardless of
1 30 the years of service the member had at the time of the
1 31 disability retirement.
1 32 LSB 1858SS 80
1 33 ec/pj/5
Text: SF00108 Text: SF00110 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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