Section 50.1080 – What calculators apply.
Effective – 28 Aug 1994 50.1080. What calculators apply. — For the purpose of calculating benefits of a member, years of service as an employee and twelfths of a year are to be used. ——– (L. 1994 S.B. 579 § 9)
Section 50.1030 – Board of directors, election, appointment by the governor, term, powers, duties — chairman, secretary, meetings — advisors — audits — compensation, costs — record — annual review.
Effective – 28 Aug 2013, 2 histories 50.1030. Board of directors, election, appointment by the governor, term, powers, duties — chairman, secretary, meetings — advisors — audits — compensation, costs — record — annual review. — 1. The general administration and the responsibility for the proper operation of the fund and the system and the […]
Section 50.1031 – Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments.
Effective – 28 Aug 2005 50.1031. Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments. — 1. No adjustments may be made until the fund has achieved a funded ratio of assets to the actuarial accrued liability equaling at least eighty percent. No benefit adjustment shall be adopted which causes […]
Section 50.1032 – Board to adopt rules for administration of retirement system.
Effective – 28 Aug 1995 50.1032. Board to adopt rules for administration of retirement system. — Subject to the provisions of law, the board shall formulate and adopt rules and regulations for the government of its own proceedings and for the administration of the retirement system. ——– (L. 1995 H.B. 260, et al.)
Section 50.1034 – Correction of errors — false statements — benefits not paid to survivor or beneficiary who intentionally kills member.
Effective – 28 Aug 1997 50.1034. Correction of errors — false statements — benefits not paid to survivor or beneficiary who intentionally kills member. — 1. Should any error result in any member or beneficiary receiving more or less than he or she should have been entitled to receive had the error not occurred, the […]
Section 50.1036 – Errors, false statements, false records, consequences.
Effective – 28 Aug 1997 50.1036. Errors, false statements, false records, consequences. — 1. Should any error result in any member or beneficiary receiving more or less than he or she should have been entitled to receive had the error not occurred, the board shall correct such error and, as far as practicable, make future […]
Section 50.1038 – Survivor or beneficiary charged with intentional killing of member, benefits suspended — conviction, benefits to cease — no conviction, effect.
Effective – 28 Aug 1997 50.1038. Survivor or beneficiary charged with intentional killing of member, benefits suspended — conviction, benefits to cease — no conviction, effect. — The board of trustees of the county employees’ retirement system shall cease paying benefits to any survivor or beneficiary who is charged with the intentional killing of a […]
Section 50.1040 – Membership in system — payroll deduction for nonLAGERS members — opting out prohibited, exceptions — opting in, when.
Effective – 11 Jul 2002 50.1040. Membership in system — payroll deduction for nonLAGERS members — opting out prohibited, exceptions — opting in, when. — 1. On and after January 1, 2000, as an incident to employment or continued employment, each person who has not previously opted out of the retirement system who is employed […]
Section 50.1050 – Normal annuity, qualifications.
Effective – 28 Aug 1994 50.1050. Normal annuity, qualifications. — Any member who has attained the age of sixty-two years may retire with a normal annuity with eight or more years of creditable service as a county employee. ——– (L. 1994 S.B. 579 § 6)
Section 50.1060 – Normal annuity, amount, limitation — board to recommend adjustments to formula.
Effective – 01 Jan 2000 50.1060. Normal annuity, amount, limitation — board to recommend adjustments to formula. — 1. The normal annuity of a retired member who is not a member of LAGERS shall be a monthly benefit equal to the greater of: (1) Twenty-four dollars multiplied by years of creditable service, up to a […]