Senate File 488 - Reprinted



                                     SENATE FILE       
                                     BY  COMMITTEE ON STATE GOVERNMENT

                                     (SUCCESSOR TO SSB 1309)


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act concerning assessments for funding of municipal utility
  2    retirement systems.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2828SV 82
  5 ec/es/88

PAG LIN



  1  1    Section 1.  Section 412.2, subsection 1, Code 2007, is
  1  2 amended to read as follows:
  1  3    1.  From the proceeds of the assessments on the wages and
  1  4 salaries of employees, of any such waterworks system, or other
  1  5 municipally owned and operated public utility, eligible to
  1  6 receive the benefits thereof.  However, notwithstanding any
  1  7 provision of law to the contrary, the employer shall not make
  1  8 a unilateral assessment on the wages and salaries of
  1  9 employees.
  1 10 SF 488
  1 11 ec:rj/cc/26