House File 592 - Introduced



                                       HOUSE FILE       
                                       BY  FREVERT


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing for creditable service under the public safety
  2    peace officers' retirement system for service under certain
  3    prior city fire retirement and police retirement systems and
  4    providing an appropriation.
  5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  6 TLSB 2918HH 81
  7 ec/cf/24

PAG LIN



  1  1    Section 1.  Section 97A.4, Code 2005, is amended by adding
  1  2 the following new unnumbered paragraph:
  1  3    NEW UNNUMBERED PARAGRAPH.  Upon application by the member,
  1  4 the board of trustees shall credit as service for a member of
  1  5 the system a previous period of service as a member of a city
  1  6 fire retirement system and police retirement system operating
  1  7 under chapter 411 prior to January 1, 1992, for which service
  1  8 was not eligible to be transferred to this system pursuant to
  1  9 section 97A.17.
  1 10    Sec. 2.  PUBLIC SAFETY PEACE OFFICERS' RETIREMENT,
  1 11 ACCIDENT, AND DISABILITY SYSTEM == ADDITIONAL APPROPRIATION.
  1 12    1.  Notwithstanding any provision of section 97A.8 to the
  1 13 contrary, the Iowa department of public safety peace officers'
  1 14 retirement, accident, and disability system as defined in
  1 15 section 97A.2 shall not increase the contribution rate of
  1 16 members of the system to cover any increase in cost to the
  1 17 system resulting from this Act.
  1 18    2.  In addition to any payments to the pension accumulation
  1 19 fund as provided in section 97A.8, there shall be appropriated
  1 20 from the general fund of the state to the pension accumulation
  1 21 fund described in section 97A.8 an annual amount equal to
  1 22 fifty thousand dollars for the fiscal period beginning July 1,
  1 23 2005, and ending June 30, 2027.
  1 24                           EXPLANATION
  1 25    This bill makes changes to the public safety peace
  1 26 officers' retirement, accident, and disability system (PORS)
  1 27 created in Code chapter 97A.
  1 28    Code section 97A.4 is amended to provide that a member of
  1 29 PORS can have service credited under PORS for service in a
  1 30 city fire and police retirement system operating under Code
  1 31 chapter 411 prior to those systems' consolidation on January
  1 32 1, 1992, if the person was not eligible to transfer that
  1 33 service from the Code chapter 411 system to PORS.
  1 34    The bill further provides that members of PORS shall not
  1 35 have their contribution rates increased to pay for the new
  2  1 benefit provided by the bill.  In addition, the bill provides
  2  2 for an additional annual appropriation to the pension
  2  3 accumulation fund of PORS for the fiscal period beginning July
  2  4 1, 2005, and ending June 30, 2027, of $50,000.
  2  5 LSB 2918HH 81
  2  6 ec:nh/cf/24