HF 2345 — A bill for an act relating to matters under the purview of the Iowa public employees’ retirement system and the municipal fire and police retirement system, and including effective date provisions.

STATEHouse File 2345 - Enrolled House File 2345 AN ACT RELATING TO MATTERS UNDER THE PURVIEW OF THE IOWA KIMRENOLDSPUBLIC GOVERNREMPLOYEES’ pil6226RETIREMENT TeHnrbealPteSYSTEM ertryfteoIoaAND tteptlTHE Dsons,owa319MUNICIPAL Dar.Scer,FIRE Ieeyrni:AND POLICE RETIREMENT SYSTEM, AND INCLUDING EFFECTIVE DATE PROVISIONS.

Husele4,antrligomtrsneteuvewfteoapbcBE epoes’ermntsemndhencpliendlcrtretsse,ndIT icungfcieaervsn.ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

Teaoeoueieseeyapoednhsa.Section 1.

Scry,Section KmRfods97B.17, GvrorfoaCode c:2026, is amended by adding the following new subsection:

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E T NATED Y E EERL SSMBY F HE ATE F W:

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Sc.

ecion B18, de 06, s mned o ed s fllws:

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Atr te xirtin f ah alndr er ad ror o uy f e-3ceeing ar,te ytem all rnsh ch eber wth ataeent f e eme's cumlaed otrbtins nd bneit rdts crud ndr ha hater p o e nd f tat l-nar ar vr he ior ur urtrs d ddtinal ifomain te ytem ems eul o aebe.

he stm my urih n stmae f he edts s f e roeced nrml etrmet ate f e eber der cton B.5.

Te rcods f e ysem s hwn y e taemnt s o e ags of ch niidal eber r aear d he rids f amet sall e nluive r he rpse f hs hptr, xept s ohewie rvied n hs hptr.

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ecion B48, bscton , oe 06, s mndd to ad s llws:

ffciveThe lysystem —205—mntlymay otlyrelease eirmetthe aloanelegal ametsname hlland ecity ietlyof poitdlast ihotknown hageaddress toof aeieda ebe'smember contor iabeneficiary ecroicto udsHouse anfe.File 2345, p.

A2 nthe iutreasurer f lctonc uds rnser, a tied mbr my let o eeie onhy alwace amets n e orm of aeodalestate ametfor ardorpurposes hch he stm hll ot care n dinstatve e, r s aer arnts nleu of ecfoicassisting ndsthe anfes—bbsystem orin hchlocating ethe ssemmember sall age n dinstaive e or rcesngbeneficiary. uh apr wrrns.

Hweer,Sec. e ysem y, or od ase ow, aie te dmnstatve e.

Te2. fe ay e toaiclly duted fom heonhly tiemnt loane efre hearant s isud o he tied ebr.

Sc.Section 97B.18, Code 2026, is amended to read as follows:

ecion97B.18 15,Statement usetinof ,accumulated oecredit. 02, s medd by dng he llwig ew rarah:

NWAfter AAGAPH,the .expiration of each calendar year and prior to July 1 of the succeeding year , the system shall furnish each member with a statement of the member’s accumulated contributions and benefit credits accrued under this chapter up to the end of that calendar year over the prior four quarters and additional information the system deems useful to a member.

heThe ytemsystem ymay elaefurnish hean ealestimate aeof adthe iycredits fas astof ownthe dessprojected fnormal aebrretirement rdate enfiiayof othe temember resrerunder fsection ate97B.45. r upoes f sisig he ytem n lcaig te eber r nfiiay.

HuseThe lerecords 35,of .the system as shown by the statement as to the wages of each individual member for a year and the periods of payment shall be conclusive for the purpose of this chapter, except as otherwise provided in this chapter.

3Sec. Sc.

FFCTVE3. TE.

hisSection t,97B.48, engsubsection emd6, fCode mmdite2026, ipotnc,is tks-efctamended pnto ncten.read as follows:

PT6. RSL.

AYEffective ICLIRJuly Seaer1, f2005, emonthly oueMonthly Peidntretirement fallowance hepayments nteshall Iheeybe erifydirectly atdeposited iswithout ilcharge riintdto na heretired osemember’s daccount isvia onelectronic sfunds ouetransfer. ile 4, intyfist eeal seml.

MGANA ESONIn Ciflieu Jekof felectronic hefunds usetransfers, Aprvda ,226retired KMmember WN^LDSmay Zjelect Gvrnrto 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 .

However, the system may, for good cause shown, waive the administrative fee.

The fee may be automatically deducted from the monthly retirement allowance before the warrant is issued to the retired member.

Sec.

4.

Section 411.5, subsection 6, Code 2026, is amended by adding the following new paragraph:

NEW PARAGRAPH .