Senate File 318 SENATE FILE BY COMMITTEE ON STATE GOVERNMENT (SUCCESSOR TO SSB 1114) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the establishment of a bona fide retirement 2 under the Iowa public employees' retirement system. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1956SV 80 5 ec/pj/5 PAG LIN 1 1 Section 1. Section 97B.52A, subsection 1, paragraph c, 1 2 Code 2003, is amended to read as follows: 1 3 c. For a member whose first month of entitlement is July 1 4 2000 or later, but before July 2003, the member does not 1 5 return to any employment with a covered employer until the 1 6 member has qualified for at least one calendar month of 1 7 retirement benefits, and the member does not return to covered 1 8 employment until the member has qualified for no fewer than 1 9 four calendar months of retirement benefits.For purposes of 1 10 this paragraph, effective July 1, 2000, any employment with a 1 11 covered employer does not include employment as an elective 1 12 official or member of the general assembly if the member is 1 13 not covered under this chapter for that employment.1 14 Sec. 2. Section 97B.52A, subsection 1, Code 2003, is 1 15 amended by adding the following new paragraphs: 1 16 NEW PARAGRAPH. d. For a member whose first month of 1 17 entitlement is July 2003 or later, the member does not return 1 18 to any employment with a covered employer until the member has 1 19 qualified for at least one calendar month of retirement 1 20 benefits. 1 21 NEW PARAGRAPH. e. For purposes of this subsection, 1 22 effective July 1, 2000, any employment with a covered employer 1 23 does not include employment as an elective official or member 1 24 of the general assembly if the member is not covered under 1 25 this chapter for that employment. 1 26 EXPLANATION 1 27 This bill provides that a person who retires and receives a 1 28 retirement allowance under the Iowa public employees' 1 29 retirement system (IPERS) on July 2003, or later may return to 1 30 employment that is covered by IPERS after having qualified for 1 31 one calendar month of retirement benefits and still receive 1 32 retirement benefits. Under current law, a person can return 1 33 to noncovered employment with an IPERS covered employer after 1 34 one month but must wait four months to return to employment 1 35 covered by IPERS. 2 1 LSB 1956SV 80 2 2 ec/pj/5