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89th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 2266: Concerning compensation and benefits limits, relating to the earnings limitation for retirees under the Iowa public employees’ retirement system and compensation limits for school corporation board members, and including effective date provisions

Signed into law

What it does

This bill modifies the earnings limitation for retirees under the Iowa public employees’ retirement system (IPERS) and the limitation on compensation and benefits for a member of a school board. Code section 97B.48A provides that a retiree under IPERS who has not reached age shall have their retirement allowance reduced by cents for every dollar the retiree earns over $30,000 in full-time employment covered by IPERS. The bill raises this earnings limitation provision to $50,000. Code section 279.7A, concerning limitations on contracts that benefit a member of the board of directors of a school corporation, is amended to allow a contract if the benefit from the contract to the director does not exceed $20,000 instead of $6,000. The bill takes effect upon enactment.

Sponsors

State Government committee

Cost

Minimal

1 million in retirement benefits annually that under current law would have been retained in the IPERS Trust Fund. 003%. The costs related to part-time and temporary school board member employment would be paid from existing school district resources and are a…

Lobbying · 8 for, 0 against

For: AFSCME Iowa Council 61; IPERS; Iowa Association of School Boards; Iowa Retired School Personnel Association; Iowa State Education Association; Rural School Advocates of Iowa; School Administrators of Iowa; Urban Education Network of Iowa

In plain words

  1. February 14, 2022Filed in the Senate
  2. February 14, 2022Approved by the Senate committee
  3. February 16, 2022Cost estimate (fiscal note) posted
  4. February 21, 2022Passed the Senate, 49–0
  5. March 2, 2022Took the place of HF 2170 on the House floor (the same legislation)
  6. March 2, 2022Passed the House, 99–0
  7. March 23, 2022Sent to the Governor
  8. March 23, 2022Signed into law
  9. June 22, 2022Cost estimate (fiscal note) posted

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/89/SF2266