S-5057

   Amend Senate File 2266 as follows:
   1.  By striking everything after the enacting clause and inserting: 
   Section 1.  Section 97A.3, subsection 3, paragraphs a and b, Code 2016, are amended to read as follows:
   a.  As used in this section, unless the context otherwise requires, “reemployed” or “reemployment” means the employment of a person by the state or in a position which would otherwise be included as a membership position under subsection 1, after the person has commenced receiving a service retirement allowance under section 97A.6.
   b.  (1)  If a person is reemployed, the person shall not become an active member of the system upon reemployment if applicable, and the person so reemployed and the state of Iowa shall not make contributions to the system based upon the person’s compensation for reemployment. 
   (2)  A person who is so reemployed shall continue to receive the service retirement allowance subject to the requirements of this subparagraph (2), and the service retirement allowance shall not be recalculated based upon the person’s reemployment.  Notwithstanding any provision to the contrary, a person who is reemployed shall have the person’s service retirement allowance reduced by a dollar for each dollar the person earns as a result of the reemployment. Notwithstanding section 97B.1A or any other provision of law to the contrary, a person reemployed as provided in this subsection shall be exempt from chapter 97B.
   Sec. 2.  Section 97B.48A, Code 2016, is amended by adding the following new subsection:
   NEW SUBSECTION.  6.  Notwithstanding any provision of this section to the contrary, if a member who has a bona fide retirement under this chapter is employed by the state during a calendar year, the member’s retirement allowance shall be reduced by a dollar for each dollar the member earns in employment with the state.
   Sec. 3.  Section 602.9110, Code 2016, is amended by striking the section and inserting in lieu thereof the following:
   602.9110  Reemployment.
   1.  If any person, except a survivor, entitled to receive an annuity under this chapter is employed as a state officer or employee during a calendar year, the person’s annuity shall be reduced by a dollar for each dollar the member earns while employed as a state officer or employee.
   2.  This section does not apply to a senior judge while serving as provided in section 602.9206.>
   2.  Title page, line 1, by striking <prohibitions> and inserting <earnings restrictions>
   3.  Title page, by striking line 2 and inserting <an annuity or retirement allowance under certain public retirement systems.>

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MARK CHELGREN