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