Senate File 2266 S-5057 Amend Senate File 2266 as follows: 1 1. By striking everything after the enacting clause 2 and inserting: 3 < Section 1. Section 97A.3, subsection 3, paragraphs 4 a and b, Code 2016, are amended to read as follows: 5 a. As used in this section , unless the context 6 otherwise requires, “reemployed” or “reemployment” 7 means the employment of a person by the state or in 8 a position which would otherwise be included as a 9 membership position under subsection 1 , after the 10 person has commenced receiving a service retirement 11 allowance under section 97A.6 . 12 b. (1) If a person is reemployed, the person 13 shall not become an active member of the system 14 upon reemployment if applicable , and the person 15 so reemployed and the state of Iowa shall not make 16 contributions to the system based upon the person’s 17 compensation for reemployment. 18 (2) A person who is so reemployed shall continue to 19 receive the service retirement allowance subject to the 20 requirements of this subparagraph (2) , and the service 21 retirement allowance shall not be recalculated based 22 upon the person’s reemployment. Notwithstanding any 23 provision to the contrary, a person who is reemployed 24 shall have the person’s service retirement allowance 25 reduced by a dollar for each dollar the person earns as 26 a result of the reemployment. Notwithstanding section 27 97B.1A or any other provision of law to the contrary, a 28 person reemployed as provided in this subsection shall 29 be exempt from chapter 97B . 30 Sec. 2. Section 97B.48A, Code 2016, is amended by 31 adding the following new subsection: 32 NEW SUBSECTION . 6. Notwithstanding any provision 33 of this section to the contrary, if a member who has 34 a bona fide retirement under this chapter is employed 35 -1- SF2266.2885 (1) 86 ec/nh 1/ 2 #1.
by the state during a calendar year, the member’s 1 retirement allowance shall be reduced by a dollar for 2 each dollar the member earns in employment with the 3 state. 4 Sec. 3. Section 602.9110, Code 2016, is amended by 5 striking the section and inserting in lieu thereof the 6 following: 7 602.9110 Reemployment. 8 1. If any person, except a survivor, entitled to 9 receive an annuity under this chapter is employed as 10 a state officer or employee during a calendar year, 11 the person’s annuity shall be reduced by a dollar for 12 each dollar the member earns while employed as a state 13 officer or employee. 14 2. This section does not apply to a senior judge 15 while serving as provided in section 602.9206. > 16 2. Title page, line 1, by striking < prohibitions > 17 and inserting < earnings restrictions > 18 3. Title page, by striking line 2 and inserting < an 19 annuity or retirement allowance under certain public 20 retirement systems. > 21 ______________________________ MARK CHELGREN -2- SF2266.2885 (1) 86 ec/nh 2/ 2 #2. #3.