| 5 | | - | House File 969, p. 3 for members described in section 97B.49C . For the fiscal year beginning July 1, 2025, and for each fiscal year thereafter, the system shall decrease the applicable employer percentage calculated under this subparagraph for that fiscal year by one hundred twenty-five thousandths of one percent. Sec. 5. Section 411.1, subsection 6, Code 2025, is amended by striking the subsection and inserting in lieu thereof the following: 6. Cancer means a group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body. Sec. 6. Section 411.8, subsection 1, paragraph f, subparagraph (8), Code 2025, is amended to read as follows: (8) Beginning July 1, 1996, and each fiscal year thereafter, an amount equal to the members contribution rate times each members compensation shall be paid to the fund from the earnable compensation of the member. For the purposes of this subparagraph, the members contribution rate shall be nine and thirty-five hundredths percent until June 30, 2009, nine and four-tenths percent until June 30, 2024, and, beginning July 1, 2024, nine and fifty-five hundredths percent until June 30, 2025, and, beginning July 1, 2025, nine and six hundred seventy-five thousandths percent . However, the system shall increase the members contribution rate as necessary to cover any increase in cost to the system resulting from statutory changes which are enacted by any session of the general assembly meeting after January 1, 1991, if the increase cannot be absorbed within the contribution rates otherwise established pursuant to this paragraph, but subject to a maximum employee contribution rate of eleven and three-tenths percent or, beginning July 1, until June 30, 2009, eleven and thirty-five hundredths percent until June 30, 2025, and, beginning July 1, 2025, eleven and four hundred seventy-five thousandths percent . The contribution rate increases specified in 1994 Iowa Acts, ch. 1183 , pursuant to this chapter and chapter 97A shall be the only member contribution rate increases for these systems resulting from the statutory changes enacted in 1994 Iowa Acts, ch. 1183 , and shall apply only to the fiscal periods specified in 1994 Iowa Acts, ch. 1183 . After the |
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| 5 | + | H.F. 969 for members described in section 97B.49C . For the fiscal year 1 beginning July 1, 2025, and for each fiscal year thereafter, 2 the system shall decrease the applicable employer percentage 3 calculated under this subparagraph for that fiscal year by one 4 hundred twenty-five thousandths of one percent. 5 Sec. 3. Section 411.1, subsection 6, Code 2025, is amended 6 by striking the subsection and inserting in lieu thereof the 7 following: 8 6. Cancer means a group of diseases involving abnormal 9 cell growth with the potential to invade or spread to other 10 parts of the body. 11 Sec. 4. Section 411.8, subsection 1, paragraph f, 12 subparagraph (8), Code 2025, is amended to read as follows: 13 (8) Beginning July 1, 1996, and each fiscal year thereafter, 14 an amount equal to the members contribution rate times each 15 members compensation shall be paid to the fund from the 16 earnable compensation of the member. For the purposes of this 17 subparagraph, the members contribution rate shall be nine and 18 thirty-five hundredths percent until June 30, 2009, nine and 19 four-tenths percent until June 30, 2024, and, beginning July 20 1, 2024, nine and fifty-five hundredths percent until June 21 30, 2025, and, beginning July 1, 2025, nine and six hundred 22 seventy-five thousandths percent . However, the system shall 23 increase the members contribution rate as necessary to cover 24 any increase in cost to the system resulting from statutory 25 changes which are enacted by any session of the general 26 assembly meeting after January 1, 1991, if the increase cannot 27 be absorbed within the contribution rates otherwise established 28 pursuant to this paragraph, but subject to a maximum employee 29 contribution rate of eleven and three-tenths percent or, 30 beginning July 1, until June 30, 2009, eleven and thirty-five 31 hundredths percent until June 30, 2025, and, beginning July 32 1, 2025, eleven and four hundred seventy-five thousandths 33 percent . The contribution rate increases specified in 1994 34 Iowa Acts, ch. 1183 , pursuant to this chapter and chapter 35 -2- HF 969 (3) 91 sc/ns/md 2/ 3 |
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