Iowa HF2387 amends early retirement benefits for peace officers, increasing service years required and adjusting benefit percentages.

Iowa HF2387 modifies early retirement benefits for members of the peace officers' retirement, accident, and disability system. The bill raises the minimum years of creditable service required for early retirement from 22 to 25 years. Members with 25 to 31 years of service receive 84% of their retirement benefits, those with 32 to 33 years receive 88%, and those with 34 or more years receive 90%. The monthly pension for early retirees increases annually by 1.5% of the pension amount.

Iowa HF2387 amends early retirement benefits for peace officers, increasing service years required and adjusting benefit percentages.

Iowa HF2387 modifies early retirement benefits for members of the peace officers' retirement, accident, and disability system. The bill raises the minimum years of creditable service required for early retirement from 22 to 25 years. Members with 25 to 31 years of service receive 84% of their retirement benefits, those with 32 to 33 years receive 88%, and those with 34 or more years receive 90%. The monthly pension for early retirees increases annually by 1.5% of the pension amount.