Amendment H-1223 to HF 969
Concerning retirement contributions of and benefits associated with cancer diagnoses of members of certain public retirement systems, and including effective date provisions
Never voted on
Filed April 10, 2025 in the House by
What it changes
AI summary This amendment increases the retirement contribution rate from 11.35% to 11.475% starting July 1, 2025, to help pay for the costs of the new cancer and infectious disease benefits.1
Read the amendment’s wording
- Page 1, after line 6 by inserting: “Sec. ___. Section 97A.8, subsection 1, paragraph e, subparagraph (8), subparagraph division (a), subparagraph subdivision (vi), Code 2025, is amended to read as follows: (vi) For the fiscal year period beginning July 1, 2020, and each fiscal year thereafter ending June 30, 2025 , eleven and thirty-five hundredths percent, plus an additional percentage, as determined by the board of trustees pursuant to the actuarial investigation required in section 97A.5, subsection 11 , paragraph “b” , necessary to finance the costs associated with providing that cancer and infectious disease are presumed to be a disease contracted while a member of the system is on active duty as provided in section 97A.6, subsection 5 . Sec. ___. Section 97A.8, subsection 1, paragraph e, subparagraph (8), subparagraph division (a), Code 2025, is amended by adding the following new subparagraph subdivision: NEW SUBPARAGRAPH SUBDIVISION . (vii) For the fiscal year beginning July 1, 2025, and each fiscal year thereafter, eleven and four hundred seventy-five thousandths percent, plus an additional percentage, as determined by the board of trustees pursuant to the actuarial investigation required in section 97A.5, subsection 11, paragraph “b” , necessary to finance the costs associated with providing that cancer and infectious disease are presumed to be a disease contracted while a member of the system is on active duty as provided in section 97A.6, subsection
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- By renumbering as necessary. -1- HF 969.1457.S (1) 91 mb 1/ 1