House File 331 - 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 2401HH 82
7 ec/cf/24
PAG LIN
1 1 Section 1. Section 97A.4, Code 2007, 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 REIMBURSEMENT.
1 13 1. Notwithstanding any provision of section 97A.8 to the
1 14 contrary, the Iowa department of public safety peace officers'
1 15 retirement, accident, and disability system as defined in
1 16 section 97A.2 shall not increase the contribution rate of
1 17 members of the system to cover any increase in cost to the
1 18 system resulting from this Act.
1 19 2. In addition to any payments to the pension accumulation
1 20 fund as provided in section 97A.8, there shall be appropriated
1 21 from the general fund of the state to the pension accumulation
1 22 fund described in section 97A.8 an annual amount equal to
1 23 fifty thousand dollars for the fiscal period beginning July 1,
1 24 2007, and ending June 30, 2027.
1 25 3. Notwithstanding any provision of chapter 97A to the
1 26 contrary, a member who purchased permissive service credit
1 27 pursuant to section 97A.10 for service as described in section
1 28 97A.10, paragraph "a", subparagraph (2), shall, upon
1 29 application to the retirement system by October 1, 2007,
1 30 receive credit for such service as provided by section 97A.4,
1 31 as amended in this Act, and be reimbursed from the pension
1 32 accumulation fund as provided in section 97A.8 for
1 33 contributions made by the member to purchase such service.
1 34 EXPLANATION
1 35 This bill makes changes to the public safety peace
2 1 officers' retirement, accident, and disability system (PORS)
2 2 created in Code chapter 97A.
2 3 Code section 97A.4 is amended to provide that a member of
2 4 PORS can have service credited under PORS for service in a
2 5 city fire and police retirement system operating under Code
2 6 chapter 411 prior to those systems' consolidation on January
2 7 1, 1992, if the person was not eligible to transfer that
2 8 service from the Code chapter 411 system to PORS.
2 9 The bill further provides that members of PORS shall not
2 10 have their contribution rates increased to pay for the new
2 11 benefit provided by the bill. In addition, the bill provides
2 12 for an additional annual appropriation to the pension
2 13 accumulation fund of PORS for the fiscal period beginning July
2 14 1, 2007, and ending June 30, 2027, of $50,000.
2 15 The bill also provides that a member eligible for service
2 16 credit as provided by the bill who purchased such service
2 17 pursuant to Code section 97A.10 shall, by applying for service
2 18 credit by October 1, 2007, be reimbursed by the retirement
2 19 system for the contributions made by the member to purchase
2 20 the service.
2 21 LSB 2401HH 82
2 22 ec:nh/cf/24