Iowa HF967 modifies benefits and contributions for Iowa public employees' retirement system members in protection occupations.
Iowa HF967 amends the Iowa public employees' retirement system (IPERS) benefits and contributions for members employed in protection occupations. The bill increases the member contribution to IPERS from 40 percent to 50 percent of the required contribution rate and decreases the applicable employer contribution from 60 percent to 50 percent. It also allows members in protection occupations to retire at age 50 with 22 years of service and receive a monthly retirement allowance.
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