A bill for an act relating to contribution rates to the Iowa public employees' retirement system and the municipal fire and police retirement system.

Also relevant to:Senior (65+, Medicare/SS)

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Plain-English Summary

This bill changes how much certain public employees in Iowa pay into their retirement systems. Starting July 1, 2025, employees in protection occupations or who are sheriffs or deputy sheriffs will pay zero percent of their required contribution to the Iowa Public Employees' Retirement System (IPERS), with employers covering 100 percent. It also reduces the contribution rate for members of the municipal fire and police retirement system to zero percent.

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