Iowa SSB3038 amends the Iowa Public Employees' Retirement System to allow members to receive retirement payments via reloadable payment cards and.

Iowa SSB3038 modifies the Iowa Public Employees' Retirement System by allowing retired members to receive monthly retirement allowance payments via reloadable payment cards without administrative fees. It also permits the system to release the legal name of a member or beneficiary to the treasurer of state to assist in locating them. The bill removes the requirement for IPERS to provide annual statements of accumulated contributions and benefit credits and allows for electronic records and signatures to the extent permitted under Code chapter 554D. The bill takes effect upon enactment.

Iowa SSB3038 amends the Iowa Public Employees' Retirement System to allow members to receive retirement payments via reloadable payment cards and.

Iowa SSB3038 modifies the Iowa Public Employees' Retirement System by allowing retired members to receive monthly retirement allowance payments via reloadable payment cards without administrative fees. It also permits the system to release the legal name of a member or beneficiary to the treasurer of state to assist in locating them. The bill removes the requirement for IPERS to provide annual statements of accumulated contributions and benefit credits and allows for electronic records and signatures to the extent permitted under Code chapter 554D. The bill takes effect upon enactment.