97B.45 - NORMAL RETIREMENT DATE. - Iowa Statutes

State Codes and Statutes

Statutes > Iowa > Title-3 > Subtitle-3 > Chapter-97b > 97b-45

        97B.45  NORMAL RETIREMENT DATE.
         A member's normal retirement date is any of the following,
      whichever is applicable to the member:
         1.  The first of the month in which a member attains the age of
      sixty-five years if the member has not completed twenty years of
      membership service.
         2.  The first of the month in which the member attains the age of
      sixty-two years if the member has completed twenty years of
      membership service.
         3.  The first of any month in which the member has completed
      twenty years of membership service if the member has attained the age
      of sixty-two years but is not yet sixty-five years of age.
         4.  The first of any month in which the member is at least
      fifty-five years of age and for which the sum of the number of years
      of membership service and prior service and the member's age in years
      as of the member's last birthday equals or exceeds eighty-eight.

Section History: Early Form

         [C46, 50, § 97.13, 97.39; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 97B.45]

Section History: Recent Form

         86 Acts, ch 1243, § 9; 88 Acts, ch 1242, § 32; 94 Acts, ch 1183,
      §27; 98 Acts, ch 1183, § 27, 77; 2001 Acts, ch 68, §21, 24; 2002
      Acts, ch 1135, §17; 2003 Acts, ch 145, §286; 2004 Acts, ch 1103, §23
         Referred to in § 97B.18

State Codes and Statutes

Statutes > Iowa > Title-3 > Subtitle-3 > Chapter-97b > 97b-45

        97B.45  NORMAL RETIREMENT DATE.
         A member's normal retirement date is any of the following,
      whichever is applicable to the member:
         1.  The first of the month in which a member attains the age of
      sixty-five years if the member has not completed twenty years of
      membership service.
         2.  The first of the month in which the member attains the age of
      sixty-two years if the member has completed twenty years of
      membership service.
         3.  The first of any month in which the member has completed
      twenty years of membership service if the member has attained the age
      of sixty-two years but is not yet sixty-five years of age.
         4.  The first of any month in which the member is at least
      fifty-five years of age and for which the sum of the number of years
      of membership service and prior service and the member's age in years
      as of the member's last birthday equals or exceeds eighty-eight.

Section History: Early Form

         [C46, 50, § 97.13, 97.39; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 97B.45]

Section History: Recent Form

         86 Acts, ch 1243, § 9; 88 Acts, ch 1242, § 32; 94 Acts, ch 1183,
      §27; 98 Acts, ch 1183, § 27, 77; 2001 Acts, ch 68, §21, 24; 2002
      Acts, ch 1135, §17; 2003 Acts, ch 145, §286; 2004 Acts, ch 1103, §23
         Referred to in § 97B.18

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-3 > Subtitle-3 > Chapter-97b > 97b-45

        97B.45  NORMAL RETIREMENT DATE.
         A member's normal retirement date is any of the following,
      whichever is applicable to the member:
         1.  The first of the month in which a member attains the age of
      sixty-five years if the member has not completed twenty years of
      membership service.
         2.  The first of the month in which the member attains the age of
      sixty-two years if the member has completed twenty years of
      membership service.
         3.  The first of any month in which the member has completed
      twenty years of membership service if the member has attained the age
      of sixty-two years but is not yet sixty-five years of age.
         4.  The first of any month in which the member is at least
      fifty-five years of age and for which the sum of the number of years
      of membership service and prior service and the member's age in years
      as of the member's last birthday equals or exceeds eighty-eight.

Section History: Early Form

         [C46, 50, § 97.13, 97.39; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 97B.45]

Section History: Recent Form

         86 Acts, ch 1243, § 9; 88 Acts, ch 1242, § 32; 94 Acts, ch 1183,
      §27; 98 Acts, ch 1183, § 27, 77; 2001 Acts, ch 68, §21, 24; 2002
      Acts, ch 1135, §17; 2003 Acts, ch 145, §286; 2004 Acts, ch 1103, §23
         Referred to in § 97B.18