Iowa bill modifies retirement benefits for public employees in protection occupations.
The bill amends the Iowa public employees' retirement system (IPERS) benefits for members employed in protection occupations. It allows members retiring on or after July 1, 2025, to retire at 50 years of age with 22 years of service and receive a monthly retirement allowance. The bill also establishes a cost-of-living adjustment (COLA) to the monthly retirement allowance for active and inactive members and beneficiaries for retirements occurring on or after July 1, 2025.
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