H.J.R. 2011 Section 1. The following amendment to the Constitution of 1 the State of Iowa is proposed: 2 Article I of the Constitution of the State of Iowa is amended 3 by adding the following new section: 4 Sec. 21A. Public retirement systems —— accrued benefits as 5 contractual obligation. Membership in an employee retirement 6 system of the state or a political subdivision of the state 7 is an enforceable contractual relationship. In accordance 8 with section 21 of this Article, the accrued benefits of such 9 membership shall not be diminished or impaired. 10 Sec. 2. REFERRAL AND PUBLICATION. The foregoing proposed 11 amendment to the Constitution of the State of Iowa is referred 12 to the general assembly to be chosen at the next general 13 election for members of the general assembly, and shall be 14 published as provided by law for three months previous to the 15 date of that election. 16 EXPLANATION 17 The inclusion of this explanation does not constitute agreement with 18 the explanation’s substance by the members of the general assembly. 19 This joint resolution proposes an amendment to the 20 Constitution of the State of Iowa declaring membership in 21 an employee retirement system of the state or a political 22 subdivision an enforceable contractual relationship. The 23 resolution provides that, in accordance with the existing 24 constitutional prohibition on laws impairing obligations of 25 contracts, the accrued benefits of such membership shall not be 26 diminished or impaired. 27 The resolution, if adopted, would be published and then 28 referred to the next general assembly (92nd) for adoption, 29 before being submitted to the electorate for ratification. 30 -1- LSB 6010YH (1) 91 sc/ns 1/ 1