Effective – 28 Aug 2013, 2 histories 104.1003. Definitions. — 1. Unless a different meaning is plainly required by the context, the following words and phrases as used in sections 104.1003 to 104.1093 shall mean: (1) “Act”, the year 2000 plan created by sections 104.1003 to 104.1093; (2) “Actuary”, an actuary who is experienced in […]
Effective – 28 Aug 1999 104.1006. Year 2000 plan, citation, applicability of other provisions. — For the purpose of providing retirement income and other benefits to employees of the state, there is hereby created and established a benefit plan, which shall be under the management of boards of trustees herein described, and which shall be […]
Effective – 28 Aug 1999 104.1009. Membership in year 2000 plan. — 1. The membership of the year 2000 plan shall include the following persons: (1) Each person who first becomes an employee on or after July 1, 2000, and continues to be an employee; (2) Each person covered by the closed plan on July […]
Effective – 28 Aug 2007 104.1012. Plans to be managed by appropriate boards. — 1. Any new state employee who would have become a member of the closed plan administered by the transportation department and highway patrol retirement system except for the creation of the year 2000 plan and persons covered by the closed plan […]
Effective – 28 Aug 2013, 2 histories 104.1015. Election into year 2000 plan, effect of — comparison of plans provided — calculation of annuity. — 1. Persons covered by a closed plan on July 1, 2000, shall elect whether or not to change to year 2000 plan coverage. Any such person who elects to be […]
Effective – 11 Jul 2002 104.1018. Vesting of benefits, when — reemployment of member, effect of. — 1. When a member is no longer employed in a position covered by the system, membership in the system shall thereupon cease. If a member has five or more years of credited service upon such member’s termination of […]
Effective – 28 Aug 2013, 2 histories 104.1021. Credited service determined by board — calculation. — 1. The appropriate board shall determine how much credited service shall be given each member consistent with this section. 2. If a member terminates employment and is eligible to receive an annuity pursuant to the year 2000 plan, or […]
Effective – 28 Aug 2018, 2 histories 104.1024. Retirement, application — annuity payments, how paid, amount — election to receive annuity or lump sum payment for certain employees, determination of amount. — 1. Any member who terminates employment may retire on or after attaining normal retirement eligibility by making application in written form and manner […]
Effective – 28 Aug 2020, 2 histories 104.1027. Options for election of annuity reduction — spouse’s benefits — dissolution of marriage, cancellation of election, when. — 1. Prior to the last business day of the month before the annuity starting date, a member or a vested former member shall elect whether or not to have […]
Effective – 28 Aug 2013 104.1030. Death prior to annuity starting date, effect of — surviving spouse’s benefits — children’s benefits — applicability to members of general assembly and statewide officials. — 1. If a member with five or more years of credited service or a vested former member dies before such member’s or such […]
Effective – 28 Aug 1999 104.1033. Early retirement annuity, when. — 1. Any member who has not attained normal retirement eligibility but who has at least five years of credited service may retire with an early retirement annuity on or after attainment of age fifty-seven and by making application in written form and manner approved […]
Effective – 28 Aug 1999 104.1036. Deferred annuity, when — annuity starting date election — death of member, effect on annuity. — 1. A member with five or more years of credited service who ceases to be a member, except by reason of death or retirement, shall be a vested former member entitled to a […]
Effective – 28 Aug 2013, 2 histories 104.1039. Reemployment of a retiree, effect on annuity — cost-of-living adjustments. — If a retiree is employed as an employee by a department, the retiree shall not receive an annuity payment for any calendar month in which the retiree is so employed. While reemployed the retiree shall be […]
Effective – 28 Aug 2018, 2 histories 104.1042. Long-term disability, effect on retiree’s annuity. — 1. Any member pursuant to the year 2000 plan created by sections 104.1003 to 104.1093 and who becomes disabled and qualifies for long-term disability benefits and retires after August 28, 1999, or who becomes disabled and qualifies for long-term disability […]
Effective – 28 Aug 1999 104.1045. Cost-of-living adjustment, amount. — 1. Each person receiving an annuity shall be entitled to a cost-of-living adjustment (COLA) when there are increases in the consumer price index. The COLA shall be made annually beginning twelve months after the annuity starting date and shall be equal to eighty percent of […]
Effective – 28 Aug 1999 104.1048. Waiver of monthly payment or COLA. — A person receiving an annuity may waive monthly annuity payments or a cost-of-living adjustment (COLA) for periods of time, provided no waiver may be contrary to applicable federal law. A waiver shall be final as to any payment or COLA waived. ——– […]
Effective – 28 Aug 2013, 2 histories 104.1051. Annuity deemed marital property — division of benefits. — 1. Any annuity provided pursuant to the year 2000 plan is marital property and a court of competent jurisdiction may divide such annuity between the parties to any action for dissolution of marriage if at the time of […]
Effective – 28 Aug 2018, 3 histories 104.1054. Benefits are obligations of the state — benefits not subject to execution, garnishment, attachment, writ of sequestration — benefits unassignable — reversion of benefits, when — refund received, when. — 1. The benefits provided to each member and each member’s spouse, beneficiary, or former spouse under the […]
Effective – 28 Aug 1999 104.1057. Year 2000 plan, a qualified plan according to federal law. — The year 2000 plan is a qualified plan pursuant to the provisions of applicable federal law. The benefits and conditions of the year 2000 plan shall always be adjusted to ensure that the tax-exempt status is maintained. ——– […]
Effective – 28 Aug 2013 104.1060. Erroneous amount paid, correction — penalty for falsification — disqualification from receipt of payments, when. — 1. Should any error result in any person receiving more or less than the person would have been entitled to receive had the error not occurred, the board shall correct such error, and, […]
