Bills › 91st General Assembly
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
Sponsored by the House State Government Committee
Proposed by the Public Employees’ Retirement System, Iowa · their explanation · all agency proposals
Where it is now
- Done: IntroducedJanuary 20, 2026
- Done: SubcommitteeJanuary 20, 2026
- Done: House committeeFebruary 3, 2026
- Done: Passes the HouseMarch 5, 202686–0
- Done: Senate committeeMarch 19, 2026
- Done: Passes the SenateApril 1, 202646–0
- Done: To the GovernorApril 16, 2026
- Done: Signed into lawApril 16, 2026
Signed into law What’s a funnel?
What’s in it
AI summary The Iowa public employees’ retirement system can now share member names with the state treasurer to help find people. Instead of getting one yearly statement, members will now receive updates covering the previous four quarters. Retired members can also choose to receive their monthly payments on a reloadable card without paying an extra fee.1
Read the official explanation
This bill allows the Iowa public employees’ retirement system (IPERS) to release the legal name of a member or beneficiary to the treasurer of state to assist IPERS in locating the member or beneficiary. The bill removes the requirement for IPERS, between January and June of each calendar year, to provide each member with a statement of the member’s accumulated contributions and benefit credits accrued up to the end of the prior calendar year and instead requires IPERS to provide each member a statement reflecting the prior four quarters during each calendar year. Under current law, a retired member can receive monthly retirement allowance payments via electronic funds transfers or, with the cost of an administrative fee, as paper warrants. The bill provides a third option, allowing a retired member to choose to receive monthly payments in the form of a reloadable payment card without being charged an administrative fee. The bill takes effect upon enactment.
Why it matters. Iowa public employees and their beneficiaries would receive retirement contribution statements covering the prior four quarters instead of once per year. Retired members could choose to receive their monthly retirement payments on a reloadable payment card without paying an administrative fee. IPERS may also share a member's legal name with the treasurer of state to help locate members or beneficiaries.2
Changed since by amendments S-5150, H-8085; see Amendments.
House subcommittee
Named January 20, 2026 (as HSB 585). On January 27, 2026 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
4 for · 0 against · 12 undecided · Who →
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91st General Assembly