House
File
2345
-
Enrolled
House
File
2345
AN
ACT
RELATING
TO
MATTERS
UNDER
THE
PURVIEW
OF
THE
IOWA
PUBLIC
EMPLOYEES’
RETIREMENT
SYSTEM
AND
THE
MUNICIPAL
FIRE
AND
POLICE
RETIREMENT
SYSTEM,
AND
INCLUDING
EFFECTIVE
DATE
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
97B.17,
Code
2026,
is
amended
by
adding
the
following
new
subsection:
NEW
SUBSECTION
.
6.
The
system
may
release
the
legal
name
and
city
of
last
known
address
of
a
member
or
beneficiary
to
House
File
2345,
p.
2
the
treasurer
of
state
for
purposes
of
assisting
the
system
in
locating
the
member
or
beneficiary.
Sec.
2.
Section
97B.18,
Code
2026,
is
amended
to
read
as
follows:
97B.18
Statement
of
accumulated
credit.
After
the
expiration
of
each
calendar
year
and
prior
to
July
1
of
the
succeeding
year
,
the
system
shall
furnish
each
member
with
a
statement
of
the
member’s
accumulated
contributions
and
benefit
credits
accrued
under
this
chapter
up
to
the
end
of
that
calendar
year
over
the
prior
four
quarters
and
additional
information
the
system
deems
useful
to
a
member.
The
system
may
furnish
an
estimate
of
the
credits
as
of
the
projected
normal
retirement
date
of
the
member
under
section
97B.45
.
The
records
of
the
system
as
shown
by
the
statement
as
to
the
wages
of
each
individual
member
for
a
year
and
the
periods
of
payment
shall
be
conclusive
for
the
purpose
of
this
chapter
,
except
as
otherwise
provided
in
this
chapter
.
Sec.
3.
Section
97B.48,
subsection
6,
Code
2026,
is
amended
to
read
as
follows:
6.
Effective
July
1,
2005,
monthly
Monthly
retirement
allowance
payments
shall
be
directly
deposited
without
charge
to
a
retired
member’s
account
via
electronic
funds
transfer.
A
In
lieu
of
electronic
funds
transfers,
a
retired
member
may
elect
to
receive
monthly
allowance
payments
in
the
form
of
a
reloadable
payment
card
for
which
the
system
shall
not
charge
an
administrative
fee,
or
as
paper
warrants
in
lieu
of
electronic
funds
transfers,
but
for
which
the
system
shall
charge
an
administrative
fee
for
processing
such
paper
warrants
.
However,
the
system
may,
for
good
cause
shown,
waive
the
administrative
fee.
The
fee
may
be
automatically
deducted
from
the
monthly
retirement
allowance
before
the
warrant
is
issued
to
the
retired
member.
Sec.
4.
Section
411.5,
subsection
6,
Code
2026,
is
amended
by
adding
the
following
new
paragraph:
NEW
PARAGRAPH
.
d.
The
system
may
release
the
legal
name
and
city
of
last
known
address
of
a
member
or
beneficiary
to
the
treasurer
of
state
for
purposes
of
assisting
the
system
in
locating
the
member
or
beneficiary.
House
File
2345,
p.
3
Sec.
5.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
importance,
takes
effect
upon
enactment.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
2345,
Ninety-first
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2026
______________________________
KIM
REYNOLDS
Governor