House File 2473 H-8368 Amend the amendment, H-8315, to House File 2473 as 1 follows: 2 1. Page 22, after line 21 by inserting: 3 < DIVISION ___ 4 PUBLIC RETIREMENT SYSTEMS 5 Sec. ___. Section 97A.6, subsection 7, paragraph 6 a, subparagraph (1), Code 2014, is amended to read as 7 follows: 8 (1) Should any beneficiary for either ordinary 9 or accidental disability, except a beneficiary 10 who is fifty-five years of age or over and would 11 have completed twenty-two years of service if the 12 beneficiary had remained in active service, be engaged 13 in a gainful occupation paying more than the difference 14 between the member’s net retirement allowance and 15 one two and one-half times the current earnable 16 compensation of an active member at the same position 17 on the salary scale within the member’s rank as the 18 member held at retirement, then the amount of the 19 retirement allowance shall be reduced to an amount 20 such that the member’s net retirement allowance plus 21 the amount earned by the member shall equal one two 22 and one-half times the amount of the current earnable 23 compensation of an active member at the same position 24 on the salary scale within the member’s rank as the 25 member held at retirement. Should the member’s earning 26 capacity be later changed, the amount of the retirement 27 allowance may be further modified, provided that the 28 new retirement allowance shall not exceed the amount of 29 the retirement allowance originally granted adjusted by 30 annual readjustments of pensions pursuant to subsection 31 14 of this section nor an amount which would cause the 32 member’s net retirement allowance, when added to the 33 amount earned by the beneficiary, to equal one two 34 and one-half times the amount of the current earnable 35 compensation of an active member at the same position 36 on the salary scale within the member’s rank as the 37 member held at retirement. A beneficiary restored 38 to active service at a salary less than the average 39 final compensation upon the basis of which the member 40 was retired at age fifty-five or greater, shall not 41 again become a member of the retirement system and 42 shall have the member’s retirement allowance suspended 43 while in active service. If the rank or position 44 held by the retired member is subsequently abolished, 45 adjustments to the allowable limit on the amount of 46 income which can be earned in a gainful occupation 47 shall be computed in the same manner as provided in 48 subsection 14 , paragraph “c” , of this section for 49 readjustment of pensions when a rank or position has 50 -1- H8315.4429 (1) 85 ec/jp 1/ 4 #1.

been abolished. If the salary scale associated with a 1 member’s rank at retirement is changed after the member 2 retires, earnable compensation for purposes of this 3 section shall be based upon the salary an active member 4 currently would receive at the same rank and with 5 seniority equal to that of the retired member at the 6 time of retirement. For purposes of this paragraph, 7 “net retirement allowance” means the amount determined 8 by subtracting the amount paid during the previous 9 calendar year by the beneficiary for health insurance 10 or similar health care coverage for the beneficiary 11 and the beneficiary’s dependents from the amount of 12 the member’s retirement allowance paid for that year 13 pursuant to this chapter . The beneficiary shall submit 14 sufficient documentation to the board of trustees 15 to permit the system to determine the member’s net 16 retirement allowance for the applicable year. 17 Sec. ___. Section 97B.49B, subsection 1, paragraph 18 e, Code 2014, is amended by adding the following new 19 subparagraph: 20 NEW SUBPARAGRAPH . (13) A person other than a 21 deputy sheriff, jailer, or detention officer who is 22 employed by a sheriff to provide courthouse security 23 services or prisoner transportation duties, is required 24 as a condition of employment to carry a firearm and has 25 been professionally trained and qualified in the use of 26 any firearm in connection with the individual’s duties, 27 is required and authorized under limited circumstances 28 to perform law enforcement duties that may include but 29 are not limited to detaining persons, taking persons 30 into custody, making arrests, transporting or providing 31 custody and care for those persons under the sheriff’s 32 control, and is a certified Iowa peace officer, has 33 Iowa reserve peace officer certification, or has 34 equivalent peace officer training. 35 Sec. ___. Section 97B.52A, subsection 1, paragraph 36 c, subparagraph (2), subparagraph division (b), Code 37 2014, is amended to read as follows: 38 (b) For a member whose first month of entitlement 39 is July 2004 or later, but before July 2014 2016 , 40 covered employment does not include employment as a 41 licensed health care professional by a public hospital. 42 For the purposes of this subparagraph, “public 43 hospital” means a hospital licensed pursuant to chapter 44 135B and governed pursuant to chapter 145A , 347 , 347A , 45 or 392 . 46 Sec. ___. Section 97B.80, subsection 1, Code 2014, 47 is amended to read as follows: 48 1. a. For purposes of this subsection, “eligible 49 member” means as follows: 50 -2- H8315.4429 (1) 85 ec/jp 2/ 4

(1) For the period beginning July 1, 1992, and 1 ending June 30, 2014, a vested or retired member who 2 has one or more full calendar years of covered wages. 3 (2) Beginning on or after July 1, 2014, a member 4 vested by service or a retired member who is vested by 5 service and who is within six months of the retired 6 member’s first month of entitlement. 7 b. Effective July 1, 1992, a vested or retired 8 An eligible member who has one or more full calendar 9 years of covered wages and who at any time served on 10 active duty in the armed forces of the United States, 11 upon submitting verification of the dates of the active 12 duty service, may make contributions to the retirement 13 system for all or a portion of the period of time of 14 the active duty service, in increments of one or more 15 calendar quarters, and receive credit for membership 16 service and prior service for the period of time for 17 which the contributions are made. 18 Sec. ___. Section 97B.80C, subsection 1, Code 2014, 19 is amended by adding the following new paragraph: 20 NEW PARAGRAPH . 0a. “Eligible member” means as 21 follows: 22 (1) Prior to July 1, 2014, a vested or retired 23 member. 24 (2) Beginning on or after July 1, 2014, a member 25 vested by service or a retired member who is vested by 26 service and who is within six months of the retired 27 member’s first month of entitlement. 28 Sec. ___. Section 97B.80C, subsection 2, paragraphs 29 a, b, and c, Code 2014, are amended to read as follows: 30 a. A vested or retired An eligible member may make 31 contributions to the retirement system to purchase up 32 to the maximum amount of permissive service credit 33 for qualified service as determined by the system, 34 pursuant to Internal Revenue Code section 415(n), 35 the requirements of this section , and the system’s 36 administrative rules. 37 b. A vested or retired An eligible member of 38 the retirement system may make contributions to the 39 retirement system to purchase up to a maximum of twenty 40 quarters of permissive service credit for nonqualified 41 service as determined by the system, pursuant to 42 Internal Revenue Code section 415(n), the requirements 43 of this section , and the system’s administrative rules. 44 A vested or retired An eligible member must have at 45 least twenty quarters of covered wages in order to 46 purchase permissive service credit for nonqualified 47 service. 48 c. A vested or retired An eligible member may 49 convert regular member service credit to special 50 -3- H8315.4429 (1) 85 ec/jp 3/ 4

service credit by payment of the amount actuarially 1 determined as necessary to fund the resulting increase 2 in the member’s accrued benefit. The conversion shall 3 be treated as a purchase of qualified service credit 4 subject to the requirements of paragraph “a” if the 5 service credit to be converted was or would have been 6 for qualified service. The conversion shall be treated 7 as a purchase of nonqualified service credit subject to 8 the requirements of paragraph “b” if the service credit 9 to be converted was purchased as nonqualified service 10 credit. > 11 2. By renumbering as necessary. 12 ______________________________ PETTENGILL of Benton -4- H8315.4429 (1) 85 ec/jp 4/ 4 #2.