Senate
File
145
-
Introduced
SENATE
FILE
145
BY
DANIELSON
A
BILL
FOR
An
Act
providing
for
appropriations
to
the
statewide
fire
1
and
police
retirement
system
and
including
effective
date
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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145
Section
1.
NEW
SECTION
.
411.19
State
appropriation.
1
1.
There
is
appropriated
from
the
general
fund
of
the
state
2
for
each
fiscal
year
an
amount
equal
to
three
and
seventy-nine
3
hundredths
percent
of
the
covered
earnable
compensation
to
be
4
distributed
to
the
statewide
fire
and
police
retirement
system,
5
or
to
the
cities
participating
in
the
system,
to
finance
the
6
cost
of
benefits
provided
in
this
chapter
by
amendments
of
the
7
Acts
of
the
Sixty-sixth
General
Assembly,
chapter
1089.
The
8
method
of
distribution
shall
be
determined
by
the
board
of
9
trustees
based
on
information
provided
by
the
actuary
of
the
10
statewide
retirement
system.
11
2.
Moneys
appropriated
by
the
state
shall
not
be
used
12
to
reduce
the
normal
rate
of
contribution
of
any
city
below
13
seventeen
percent.
14
Sec.
2.
STATEWIDE
FIRE
AND
POLICE
RETIREMENT
SYSTEM
FUND
——
15
APPROPRIATION.
16
1.
There
is
appropriated
from
the
general
fund
of
the
state
17
for
deposit
in
the
statewide
fire
and
police
retirement
fund
18
created
in
section
411.8,
for
the
fiscal
year
beginning
July
1,
19
2018,
and
ending
June
30,
2019,
the
following
amount:
20
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
11,500,000
21
2.
Moneys
appropriated
by
the
state
pursuant
to
this
section
22
shall
not
be
used
to
reduce
the
normal
rate
of
contribution
of
23
any
city
below
17
percent.
24
Sec.
3.
EFFECTIVE
UPON
ENACTMENT.
The
following
provision
25
or
provisions
of
this
Act,
being
deemed
of
immediate
26
importance,
take
effect
upon
enactment:
27
The
section
of
this
Act
providing
for
an
appropriation
to
the
28
statewide
fire
and
police
retirement
fund
for
the
fiscal
year
29
beginning
July
1,
2018.
30
EXPLANATION
31
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
32
the
explanation’s
substance
by
the
members
of
the
general
assembly.
33
This
bill
provides
for
a
state
appropriation
to
the
34
statewide
fire
and
police
retirement
system
established
in
35
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145
Code
chapter
411
equal
to
3.79
percent
of
the
covered
earnable
1
compensation
of
the
members.
The
percentage
represents
the
2
cost
of
benefits
provided
by
Acts
of
the
66th
General
Assembly.
3
The
bill
restores
the
standing
state
appropriation
to
the
4
retirement
system
that
was
repealed
by
2010
Acts,
chapter
1167.
5
The
repealed
language
had
set
the
state
appropriation
based
6
upon
the
cost
of
benefits
provided
by
the
Acts
of
the
66th
7
General
Assembly
but
did
not
specify
a
percentage.
8
The
bill
also
provides
for
an
appropriation
from
the
general
9
fund
of
the
state
to
the
statewide
fire
and
police
retirement
10
system
fund
for
the
fiscal
year
beginning
July
1,
2018,
for
11
$11.5
million.
This
provision
of
the
bill
takes
effect
upon
12
enactment.
13
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