SF 2346 (LSB 6194XS (2) 91)

SENATE FILE 2346

BY  REICHMAN

A BILL FOR

An Act allowing certain cities to opt out of the municipal fire and police retirement system.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 97B.49B, subsection 1, paragraph e, Code 2026, is amended by adding the following new subparagraph:
   NEW SUBPARAGRAPH.  (17)  A police officer or fire fighter hired by a city after the date the city discontinues participation in the municipal fire and police retirement system under section 411.2.
    Sec. 2.  Section 411.2, subsection 1, Code 2026, is amended to read as follows:
   1.  Except as provided in subsections 2 through 5 6, each city in which the fire fighters or police officers are appointed under the civil service law of this state, shall participate in the retirement system established by this chapter for the purpose of providing retirement allowances only for fire fighters or police officers, or both, of the cities who are so appointed after the date the city comes under the retirement system, or benefits to their dependents.
    Sec. 3.  Section 411.2, Code 2026, is amended by adding the following new subsection:
   NEW SUBSECTION.  6.  A city with a population of less than ten thousand may discontinue participation in the retirement system established by this chapter. The membership of a person employed by a city prior to the city’s decision to discontinue participation in the retirement system shall not be impacted by the city’s decision.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill allows a city with a population of less than 10,000 to discontinue participation in the statewide municipal fire and police retirement system (system). Current members of the system employed by the city shall maintain membership in the system. A police officer or fire fighter hired by a city after the date the city discontinues participation in the system shall be included in the protection occupation category of the Iowa public employees’ retirement system.