Amendment vs bill Amendment S-5150 vs Introduced

Struck = removed from the bill · added = the amendment's new text.

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Senate File 2297 - Introduced SENATE FILE 2297 BY COMMITTEE ON STATE GOVERNMENT (SUCCESSOR TO SSB 3038) A BILL FOR An Act relating to matters under the purview of the Iowa public employees’ retirement system, and including effective date provisions.
Senate File 2297 S-5150 Amend Senate File 2297 as follows:
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1.
TLSB 5302SV (2) 91 sc/ns S.F.
By striking everything after the enacting clause and inserting:
2297 Section 1.
<Section 1.
A In lieu of electronic funds transfers, a retired member may elect to receive monthly allowance payments in the form of a reloadable payment card for which the system shall not charge an administrative fee, or as paper warrants in lieu of electronic funds transfers, but for which the system shall charge an administrative fee for processing such paper warrants.
A In lieu of electronic funds transfers, a retired member may elect to receive monthly allowance payments in the form of a reloadable payment card for which the system shall not charge an administrative fee, or as paper warrants in lieu of electronic funds transfers, but for which the system shall charge an administrative fee for processing such paper SF 2297.3273 (1) 91 (amending this SF 2297 to CONFORM to HF 2345) sc/ns 1/2 -1- warrants.
The fee may be automatically deducted from the monthly retirement allowance before the warrant is LSB 5302SV (2) 91 -1- sc/ns 1/2 S.F.
The fee may be automatically deducted from the monthly retirement allowance before the warrant is issued to the retired member.
2297 issued to the retired member.
Section 411.5, subsection 6, Code 2026, is amended by adding the following new paragraph:
NEW PARAGRAPH .
d.
The system may release the legal name and city of last known address of a member or beneficiary to the treasurer of state for purposes of assisting the system in locating the member or beneficiary.
Sec.
5.
This Act, being deemed of immediate importance, takes effect upon enactment.
This Act, being deemed of immediate importance, takes effect upon enactment.> 2.
EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly.
Title page, line 2, after <system> by inserting <and the municipal fire and police retirement system> ______________________________ CHERIELYNN WESTRICH SF 2297.3273 (1) 91 (amending this SF 2297 to CONFORM to HF 2345) sc/ns 2/2 -2-
This bill allows the Iowa public employees’ retirement system (IPERS) to release the legal name and city of last known address of a member or beneficiary to the treasurer of state to assist IPERS in locating the member or beneficiary.
The bill removes the requirement for IPERS, between January and June of each calendar year, to provide each member with a statement of the member’s accumulated contributions and benefit credits accrued up to the end of the prior calendar year and instead requires IPERS to provide each member a statement reflecting the prior four quarters during each calendar year.
Under current law, a retired member can receive monthly retirement allowance payments via electronic funds transfers or, with the cost of an administrative fee, as paper warrants.
The bill provides a third option, allowing a retired member to choose to receive monthly payments in the form of a reloadable payment card without being charged an administrative fee.
The bill takes effect upon enactment.
LSB 5302SV (2) 91 -2- sc/ns 2/2