Iowa HSB585 amends the Iowa Public Employees' Retirement System to allow members to receive retirement payments via reloadable payment cards and.

Iowa HSB585 modifies the Iowa Public Employees' Retirement System by allowing retired members to choose to receive monthly retirement allowance payments via reloadable payment cards, without incurring an administrative fee. The bill also permits the system to release the legal names of members or beneficiaries to the treasurer of state to assist in locating them. Additionally, it removes the requirement for IPERS to provide members with a statement of their accumulated contributions and benefit credits before issuing monthly retirement allowance warrants. The bill takes effect upon enactment.

Iowa HSB585 amends the Iowa Public Employees' Retirement System to allow members to receive retirement payments via reloadable payment cards and.

Iowa HSB585 modifies the Iowa Public Employees' Retirement System by allowing retired members to choose to receive monthly retirement allowance payments via reloadable payment cards, without incurring an administrative fee. The bill also permits the system to release the legal names of members or beneficiaries to the treasurer of state to assist in locating them. Additionally, it removes the requirement for IPERS to provide members with a statement of their accumulated contributions and benefit credits before issuing monthly retirement allowance warrants. The bill takes effect upon enactment.