Bill > HF969

This bill makes several technical changes to retirement contribution rates and definitions for public employees in Iowa, with a particular focus on cancer-related benefits for certain public safety workers. The bill provides a standardized definition of "cancer" as a group of diseases involving abnormal cell growth that can spread to other parts of the body, and adjusts contribution rates for members of public retirement systems. Specifically, for members in special service occupations like protection officers and county sheriffs, the bill modifies the employee and employer contribution percentages, increasing employee contributions and decreasing employer contributions by 0.125% beginning July 1, 2025. The bill also updates contribution rates for certain public safety retirement systems, incrementally raising member contribution rates from 9.35% to 9.675% by July 1, 2025. Additionally, the bill includes provisions for emergency rules to be adopted by the Iowa public employees' retirement system to implement these changes and specifies that the emergency rules provision takes effect immediately upon enactment. The overall aim appears to be making technical adjustments to public employee retirement system funding and ensuring appropriate financial provisions for members, particularly those in public safety roles.

Government Affairs

State Government (H)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF969