Senate Study Bill 1114

                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON STATE
                                            GOVERNMENT BILL BY
                                            CHAIRPERSON ZIEMAN)


    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 1956SC 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 1956SC 80
  2  2 ec/pj/5