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Bill > SF2166
IA SF2166
IA SF2166A bill for an act concerning compensation and benefits limits, relating to the earnings limitation for retirees under the Iowa public employees' retirement system and compensation limits for school corporation board members.(See SF 2266.)
summary
Introduced
02/01/2022
02/01/2022
In Committee
02/01/2022
02/01/2022
Crossed Over
Passed
Dead
05/24/2022
05/24/2022
Introduced Session
89th General Assembly
Bill Summary
A bill for an act concerning compensation and benefits limits, relating to the earnings limitation for retirees under the Iowa public employees' retirement system and compensation limits for school corporation board members.(See SF 2266.)
AI Summary
This bill proposes two key changes:
1) It increases the earnings limitation for retirees under the Iowa Public Employees' Retirement System (IPERS) from $30,000 to $50,000 per calendar year before their retirement allowance is reduced. This change allows retirees to earn more income from post-retirement employment without facing a reduction in their IPERS benefits.
2) It raises the compensation limit for school corporation board members from $6,000 to $20,000 per fiscal year, above which contracts with board members are subject to competitive bidding requirements. This provides more flexibility for school boards to compensate their members for their services.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Committee report approving bill, renumbered as SF 2266. S.J. 281. (on 02/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=89&ba=SF2166 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/89/attachments/SF2166.html |
| Bill | https://www.legis.iowa.gov/docs/publications/LGI/89/SF2166.pdf |
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