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.

Summary

The legislation adds a new permission for the Iowa public employees’ and municipal fire and police retirement systems to give a member’s legal name and last known city to the state treasurer to help locate them. It also requires the system to send annual statements of contributions and credits, and it changes how retirement benefits are paid, favoring electronic transfers while allowing reloadable cards or paper warrants with possible fees.

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