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Bills › 91st General Assembly

HSB 265Renumbered as HF 967 · March 18, 2025

Relating to benefits for members of the Iowa public employees’ retirement system who are employed in a protection occupation

Topics:State governmentJobs & workers

Same legislation: HF 967, HF 1023

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Also covers HF 967 and HF 1023.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedFebruary 27, 2025
  2. Done: SubcommitteeFebruary 27, 2025
  3. Done: House committeeMarch 6, 2025
  4. Done: Passes the HouseApril 24, 202589–0
  5. Done: Senate committeeFebruary 12, 2026
  6. Done: Passes the SenateApril 21, 202644–0
  7. Done: To the GovernorMay 11, 2026
  8. Done: Signed into lawJune 2, 2026

Became HF 967 → Its progress continues under the new number. Go to HF 967 What’s a funnel?

What’s in it

This bill modifies the Iowa public employees’ retirement system (IPERS) benefits for members employed in a protection occupation. The monthly retirement benefit under IPERS for a member of a protection occupation is calculated by multiplying the retiree’s applicable covered wage by a percentage.375 percent up to a maximum of additional percentage points for calendar quarters of service beyond years of service.625 percent for each calendar quarter of service beyond years of service up to a maximum of additional percentage points.

Read the full explanation

The bill provides that a member of a protection occupation may elect to retire at years of age with years of service and receive the monthly retirement allowance under current law, rather than at age 55. The bill establishes a cost-of-living adjustment (COLA) to the monthly retirement allowance for active and inactive members and to beneficiaries and contingent annuitants for retirements occurring on or after July 1, 2025.5 percent of the monthly retirement allowance payable on that date. Such a member, beneficiary, or contingent annuitant is not eligible for the COLA increase unless the member has years of eligible service and attained years of age prior to the retirement date of the member.49F.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendment S-5011; see Amendments. Full bill text · What changed before it passed

House subcommittee

Named February 27, 2025. On March 4, 2025 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

Fiscal note

55%. 5 million, or approximately $1,100 per employee. Beginning in FY 2028, the full impact of the Bill will take effect as detailed below. 44%. 27% for the employee for the IPERS Protection Occupation membership group. 125% for employers) for the IPERS Protection Occupation membership group. 96%. 4 million for the employee group, or $2,900 per employee.

The estimate held steady

  1. $2,900 April 22, 2026
  2. $2,900 May 22, 2026 · final

The largest dollar figure in each version’s summary.

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Iowa Code it changes

Amends§97B.49B

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Lobbying

14 for · 1 against · 14 undecided · Who →

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Study bill

HSB 265Renumbered

91st General Assembly

HF 967Renumberedfrom HSB 265HF 1023Became lawfrom HF 967

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.