Iowa Code ch. 97B – Iowa Public Employees’ Retirement System (Ipers) | Midpage

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Iowa Code

Chapter 97B

Iowa Code ch. 97B

Iowa Public Employees’ Retirement System (Ipers)

97B.1System created — organizational definitions 97B.1ADefinitions 97B.2Purpose of chapter 97B.3Chief executive officer — appointment and qualifications 97B.4Administration of chapter — powers and duties of system — immunity 97B.7Fund created — exclusive benefit — standing appropriations 97B.7AInvestment and management of retirement fund — standards — immunity 97B.8AInvestment board 97B.8BBenefits advisory committee 97B.9Contributions — payment and interest 97B.9ACollections — waiver 97B.10Crediting of erroneous contributions 97B.11Contributions by employer and employee 97B.11APickup of employee contributions 97B.14Contributions forwarded 97B.14AWage reporting 97B.15Rules, policies, and procedures 97B.16Procedure of system 97B.17Records maintained 97B.18Statement of accumulated credit 97B.19Revision for error 97B.20AAppeal procedure 97B.20BHearing by administrative law judge 97B.22Witnesses and evidence 97B.23Penalty for noncompliance 97B.24Production of books and papers 97B.25Applications for benefits 97B.27Review of decision 97B.28System deemed party to action 97B.29Judicial review 97B.32Appeal to supreme court 97B.33Payment to individuals 97B.34Payment to representatives 97B.34APayment to minors 97B.35Finality of such payments 97B.36Representatives of system 97B.37Recognition of agents 97B.38Fees for services 97B.39Rights not transferable or subject to legal process — exceptions 97B.40Fraud 97B.42Mandatory membership — membership in other systems 97B.42AOptional exclusion from membership 97B.42BTransfer to chapter 97A — options for certain public safety employees 97B.42CRetirement system merger 97B.43Prior service credit 97B.44Beneficiary 97B.45Normal retirement date 97B.46Service after age sixty-five 97B.47Early retirement date 97B.48Payment of allowances 97B.48AReemployment 97B.49Dormant accounts 97B.49AMonthly payments of allowance — general calculation 97B.49BProtection occupation 97B.49CSheriffs and deputy sheriffs 97B.49DHybrid formula 97B.49EMinimum benefits 97B.49FRetirement dividends 97B.49GMonthly payments of allowance — miscellaneous provisions 97B.49HActive member supplemental accounts 97B.49IQualified benefits arrangement 97B.50Early retirement 97B.50ADisability benefits for special service members 97B.51Allowance upon retirement 97B.52Payment to beneficiary 97B.52AEligibility for benefits — bona fide retirement 97B.53Termination of employment — refund options 97B.53BRollovers of members’ accounts 97B.56Abolished system — liquidation fund 97B.58Information furnished by employer 97B.62Accepting employment deemed consent 97B.64Insurance laws not applicable 97B.66Former members 97B.68Employees under federal civil service 97B.70Interest and dividends to members 97B.76Iowa Code § 97B.76 97B.80Veteran’s credit 97B.80CPurchases of permissive service credit 97B.82Purchase of service credit — direct rollovers — direct transfers