Senate File 387 - Introduced SENATE FILE BY DANIELSON Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act excluding certain volunteer fire fighter service payments 2 from wages or compensation for purposes of the Iowa public 3 employees' retirement system and the statewide fire and police 4 retirement system. 5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 6 TLSB 1922SS 82 7 ec/es/88 PAG LIN 1 1 Section 1. Section 97B.1A, subsection 26, paragraph a, 1 2 subparagraph (2), Code 2007, is amended by adding the 1 3 following new subparagraph subdivision: 1 4 NEW SUBPARAGRAPH SUBDIVISION. (n) Payments made by the 1 5 employer of a member for service by the member as a volunteer 1 6 fire fighter. 1 7 Sec. 2. Section 411.1, subsection 8, Code 2007, is amended 1 8 to read as follows: 1 9 8. "Earnable compensation" or "compensation earnable" 1 10 shall mean the annual compensation which a member receives for 1 11 services rendered as a police officer or fire fighter in the 1 12 course of employment with a participating city. However, the 1 13 term "earnable compensation" or "compensation earnable" shall 1 14 not include amounts received for service as a volunteer fire 1 15 fighter, or for overtime compensation, meal or travel 1 16 expenses, uniform allowances, fringe benefits, severance pay, 1 17 or any amount received upon termination or retirement in 1 18 payment for accumulated sick leave or vacation. Contributions 1 19 made by a member from the member's earnable compensation to a 1 20 plan of deferred compensation shall be included in earnable 1 21 compensation. Other contributions made to a plan of deferred 1 22 compensation shall not be included except to the extent 1 23 provided in rules adopted by the board of trustees pursuant to 1 24 section 411.5, subsection 3. 1 25 EXPLANATION 1 26 This bill concerns what is considered wages or earnable 1 27 compensation for purposes of determining a retirement benefit 1 28 under the Iowa public employees' retirement system (IPERS) and 1 29 the statewide fire and police retirement system created under 1 30 Code chapter 411. 1 31 The bill provides that wages, for purposes of IPERS, does 1 32 not include payments made by the employer of a member of IPERS 1 33 for service as a volunteer fire fighter. 1 34 The bill also provides that earnable compensation, for 1 35 purposes of the retirement system in Code chapter 411, does 2 1 not include amounts received for service as a volunteer fire 2 2 fighter. 2 3 LSB 1922SS 82 2 4 ec:rj/es/88