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IA HSB585

SB

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

State Government

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Removes the prohibition on IPERS requiring electronic records and electronic signatures from members, allowing the system to mandate electronic submissions under Iowa Code chapter 554D
  • Authorizes IPERS to release member or beneficiary legal names to the State Treasurer to assist in locating individuals
  • Changes member account statements from an annual requirement (due January-June) to quarterly statements covering the prior four quarters
  • Adds reloadable payment cards as a third option for receiving monthly retirement allowance payments, with no administrative fee charged (unlike paper warrants which still carry a fee)
  • 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 including effective date provisions.(See HF 2345.)

Last Action

Committee report approving bill, renumbered as HF 2345.

2/9/2026

Committee Referrals

State Government1/20/2026

Full Bill Text

No bill text available