HF 2619: Relating to the judicial retirement fund

What it does

This bill modifies the contribution rates for the judicial retirement fund. The bill redefines the term “judge’s required contribution” to mean an amount equal to the basic salary of the judge multiplied by 9.35 percent beginning in FY 2024-2025, and the term “state’s required contribution” to mean an amount equal to the basic salary of all judges multiplied by 30.6 percent beginning in FY 2024-2025. The bill’s contribution rates apply regardless of whether the judicial retirement fund is fully funded. The bill amends the actuarial valuation procedure by the court administrator to strike associated provisions.

House subcommittee · named April 16, 2024

• Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
• Rep. Gary M. Mohr (R) · gary.mohr@legis.iowa.gov
• Rep. Ross Wilburn (D) · ross.wilburn@legis.iowa.gov

Lobbying · 6 for, 0 against

For: Iowa Association for Justice; Iowa Court Reporters Association; Iowa Judges Association; Iowa Judicial Branch - Supreme Court; Iowa State Bar Association; Judicial Retirement System

In plain words

1. January 9, 2024Filed in the House and sent to the Judiciary committee · as HSB 529
2. January 9, 2024House subcommittee named: Lohse, Kaufmann and Wilburn · as HSB 529
3. January 17, 2024Subcommittee recommended passing it · as HSB 529
4. February 8, 2024Approved by the House committee · as HSB 529
5. February 19, 2024Filed in the House and sent to the Appropriations committee
6. February 19, 2024Approved by the House committee, and given a new number: HF 2619 · as HSB 529
7. April 16, 2024House subcommittee named: Lohse, Mohr, G. and Wilburn
8. April 17, 2024Subcommittee recommended passing it
9. April 17, 2024Approved by the House committee
10. April 18, 2024Approved by the House committee, and given a new number: HF 2702