HSB 529: HSB 529

What it does

H.F. _____ 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 January 9, 2024

• Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
• Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
• Rep. Ross Wilburn (D) · ross.wilburn@legis.iowa.gov

Lobbying · 7 for, 0 against

For: Iowa Academy of Trial Lawyers; 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
2. January 9, 2024House subcommittee named: Lohse, Kaufmann and Wilburn
3. January 17, 2024Subcommittee recommended passing it
4. February 8, 2024Approved by the House committee
5. February 19, 2024Approved by the House committee, and given a new number: HF 2619