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IA HF2345
Bill
Status
3/5/2026
Primary Sponsor
State Government
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AI Summary
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Authorizes the Iowa Public Employees' Retirement System (IPERS) and the Municipal Fire and Police Retirement System to release members' or beneficiaries' legal names and last known city of address to the State Treasurer to assist in locating them
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Modifies annual member statements to report accumulated contributions and benefit credits over the prior four quarters (rather than up to the end of the calendar year) and removes the July 1 deadline for furnishing statements
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Requires monthly retirement payments to be made via electronic funds transfer, with retirees able to opt for a reloadable payment card at no charge or paper warrants with an administrative fee (waivable for good cause)
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Takes effect immediately upon enactment
Legislative Description
A bill for an act 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. (Formerly HSB 585.)
Last Action
Read first time, attached to SF 2297. S.J. 493.
3/9/2026