Loading chat...
IA HF2387
Bill
Status
2/10/2026
Primary Sponsor
Joshua Meggers
Click for details
AI Summary
-
Amends Iowa Code Section 97A.6 to increase the minimum creditable service requirement for early retirement in the peace officers' retirement system from 22 years to 25 years, effective July 1, 2026
-
Replaces the board of trustees' discretionary benefit calculation with a fixed tiered structure based on years of service for members aged 50-54
-
Members with 25-31 years of creditable service receive 84% of their calculated standard retirement allowance; those with 32-33 years receive 88%; and those with 34+ years receive 90%
-
Establishes an annual 1.5% cost-of-living adjustment to monthly pensions for early retirees and their beneficiaries, applied each July 1
Legislative Description
A bill for an act relating to early retirement benefits for members of the peace officers' retirement, accident, and disability system.
Last Action
Introduced, referred to State Government. H.J. 244.
2/10/2026