Senate File 102

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  1  1                                              SENATE FILE 102
  1  2
  1  3                             AN ACT
  1  4 RELATING TO THE CHIEF EXECUTIVE OFFICER OF THE IOWA PUBLIC
  1  5    EMPLOYEES' RETIREMENT SYSTEM AND PROVIDING AN EFFECTIVE AND
  1  6    RETROACTIVE APPLICABILITY DATE.
  1  7
  1  8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1  9
  1 10    Section 1.  Section 97B.3, subsection 1, Code 2003, is
  1 11 amended to read as follows:
  1 12    1.  The administrator of the division is the chief
  1 13 executive officer.  The chief executive officer shall be
  1 14 appointed by the governor subject to confirmation by the
  1 15 senate and shall serve a four=year term of office beginning
  1 16 and ending as provided in section 69.19.  A vacancy shall be
  1 17 filled for the unexpired portion of the term in the same
  1 18 manner as a full=term appointment is made.  The governor may
  1 19 remove the chief executive officer for malfeasance in office,
  1 20 or for any cause that renders the chief executive officer
  1 21 ineligible, incapable, or unfit to discharge the duties of the
  1 22 office.  The investment board, under the pay plan applicable
  1 23 to employees of the division, shall set the salary of the
  1 24 chief executive officer.
  1 25    Sec. 2.  Section 97B.3, Code 2003, is amended by adding the
  1 26 following new subsection:
  1 27    NEW SUBSECTION.  3.  By January 31 of the year in which the
  1 28 term of office of the chief executive officer will end, the
  1 29 investment board and the benefits advisory committee shall
  1 30 submit a written report to the governor and the secretary of
  1 31 the senate concerning the board's and committee's evaluation
  1 32 of the performance of the chief executive officer, together
  1 33 with a recommendation concerning the reappointment of the
  1 34 chief executive officer.
  1 35    Sec. 3.  IPERS CHIEF EXECUTIVE OFFICER == TERM OF OFFICE.
  2  1 Notwithstanding any provision of section 97B.3 to the
  2  2 contrary, the term of office for the chief executive officer
  2  3 of the Iowa public employees' retirement system appointed
  2  4 prior to the effective date of this Act shall end April 30,
  2  5 2008.
  2  6    Sec. 4.  EFFECTIVE DATE == RETROACTIVE APPLICABILITY.  This
  2  7 Act, being deemed of immediate importance, takes effect upon
  2  8 enactment and is retroactively applicable to July 1, 2002, and
  2  9 is applicable on and after that date.
  2 10
  2 11
  2 12                                                             
  2 13                               MARY E. KRAMER
  2 14                               President of the Senate
  2 15
  2 16
  2 17                                                             
  2 18                               CHRISTOPHER C. RANTS
  2 19                               Speaker of the House
  2 20
  2 21    I hereby certify that this bill originated in the Senate and
  2 22 is known as Senate File 102, Eightieth General Assembly.
  2 23
  2 24
  2 25                                                             
  2 26                               MICHAEL E. MARSHALL
  2 27                               Secretary of the Senate
  2 28 Approved                , 2003
  2 29
  2 30
  2 31                                
  2 32 THOMAS J. VILSACK
  2 33 Governor