Bill
Bill > HF2345
IA HF2345
IA HF2345A bill for an act relating to matters under the purview of the Iowa public employees' retirement system, and including effective date provisions.(Formerly HSB 585.)
summary
Introduced
02/09/2026
02/09/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill allows the Iowa public employees’ retirement system (IPERS) to release the legal name of a member or beneficiary to the treasurer of state to assist IPERS in locating the member or beneficiary. The bill removes the requirement for IPERS, between January and June of each calendar year, to provide each member with a statement of the member’s accumulated contributions and benefit credits accrued up to the end of the prior calendar year and instead requires IPERS to provide each member a statement reflecting the prior four quarters during each calendar year. Under current law, a retired member can receive monthly retirement allowance payments via electronic funds transfers or, with the cost of an administrative fee, as paper warrants. The bill provides a third option, allowing a retired member to choose to receive monthly payments in the form of a reloadable payment card without being charged an administrative fee. The bill takes effect upon enactment.
AI Summary
This bill allows the Iowa Public Employees' Retirement System (IPERS), which manages retirement benefits for state employees, to share a member or beneficiary's legal name with the treasurer of state to help locate them. It also changes how IPERS provides members with statements of their accumulated contributions and benefit credits, moving from an annual statement by July 1st to a statement reflecting the prior four quarters each year. Furthermore, retired members will have a new option for receiving their monthly retirement allowance payments: a reloadable payment card, which will not incur an administrative fee, in addition to existing options of electronic funds transfers or paper warrants (which do have a fee). This bill takes effect immediately upon being signed into law.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Government (House)
Last Action
Introduced, placed on calendar. H.J. 232. (on 02/09/2026)
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=HF2345 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF2345.html |
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