Bill
Bill > HF818
IA HF818
IA HF818A bill for an act relating to contribution rates to the Iowa public employees' retirement system and the municipal fire and police retirement system.
summary
Introduced
03/06/2025
03/06/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill reduces the amount a member of the Iowa public employees’ retirement system (IPERS) who is employed in a protection occupation or as a sheriff or deputy sheriff is required to contribute to IPERS to 0 percent of the required contribution rate. The bill increases the applicable employer percentage for an employer of an IPERS member who is employed in a protection occupation or as a sheriff or deputy sheriff to 100 percent of the required contribution rate. The bill also reduces the member’s contribution rate for members of the municipal fire and police retirement system to 0 percent.
AI Summary
This bill modifies contribution rates for two retirement systems in Iowa: the Iowa Public Employees' Retirement System (IPERS) and the Municipal Fire and Police Retirement System. For IPERS, starting July 1, 2025, the bill changes contribution rates for different types of employees. Regular service members will continue to pay 40% of the required contribution rate, while members in protection occupations and county sheriffs or deputy sheriffs will now pay 0% of the required contribution rate. Correspondingly, employers for these protection occupation and sheriff/deputy sheriff members will now cover 100% of the required contribution rate. For the Municipal Fire and Police Retirement System, the bill reduces the member's contribution rate to 0% beginning July 1, 2025. The bill maintains provisions that allow the retirement system to set contribution rates based on actuarial calculations, with a limitation that rates for regular service members cannot vary by more than one percentage point from the previous fiscal year. These changes aim to adjust the financial burden of retirement contributions for specific groups of public employees in Iowa.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, referred to State Government. H.J. 541. (on 03/06/2025)
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=91&ba=HF818 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF818.html |
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