97B.9 CONTRIBUTIONS -- PAYMENT AND INTEREST.
1. An employer shall be charged the greater of twenty dollars per
occurrence or interest at the combined interest and dividend rate
required under section 97B.70 for the applicable calendar year for
contributions unpaid on the date on which they are due and payable as
prescribed by the system. The system may adopt rules prescribing
circumstances for which the interest or charge shall not accrue with
respect to contributions required. Interest or charges collected
pursuant to this section shall be paid into the Iowa public
employees' retirement fund.
2. If within thirty days after due notice the employer defaults
in payment of contributions or interest thereon, the amount due may
be collected by civil action in the name of the system, and the
employer adjudged in default shall pay the costs of such action.
Civil actions brought under this section to collect contributions or
interest thereon shall be heard by the court at the earliest possible
date and shall be entitled to preference upon the calendar of the
court over all other civil actions.
3. The employer shall pay its contribution from funds available
and is directed to pay same from tax money or from any other income
of the political subdivision; provided, however, the contributions
shall be paid from the same fund as the employee salary.
4. Every political subdivision is hereby authorized and directed
to levy a tax sufficient to meet its obligations under the provisions
of this chapter if any tax is needed.
5. Regardless of any potentially applicable statute of
limitations, if the system finds that the employer or employee, or
both, have erroneously underpaid contributions, the system shall
notify the employer and employee in writing of the total amount of
the underpayment, including interest, and the employer's and
employee's share of the underpayment. The system shall collect from
the employer the total amount of the underpayment, including the
employer's share, the employee's share, and the interest assessed to
both shares of the underpayment, regardless of whether the employee
has reimbursed the employer for the employee's share of the
underpayment. The employee shall be obligated to pay only the
employee's share of the underpaid contributions, without interest, to
the employer. The employer may collect the employee's share of
underpaid contributions from the employee or the employee's estate.
The employer may collect the employee's share through a deduction
from the employee's wages, or by maintaining a legal action against
the employee or the employee's estate. For purposes of section 1526
of the federal Taxpayer Relief Act of 1997, eligible participants, as
defined by section 1526, may make payments of contributions under
this section without regard to the limitations of section 415(c)(1)
of the federal Internal Revenue Code.
97B.9 CONTRIBUTIONS -- PAYMENT AND INTEREST.
1. An employer shall be charged the greater of twenty dollars per
occurrence or interest at the combined interest and dividend rate
required under section 97B.70 for the applicable calendar year for
contributions unpaid on the date on which they are due and payable as
prescribed by the system. The system may adopt rules prescribing
circumstances for which the interest or charge shall not accrue with
respect to contributions required. Interest or charges collected
pursuant to this section shall be paid into the Iowa public
employees' retirement fund.
2. If within thirty days after due notice the employer defaults
in payment of contributions or interest thereon, the amount due may
be collected by civil action in the name of the system, and the
employer adjudged in default shall pay the costs of such action.
Civil actions brought under this section to collect contributions or
interest thereon shall be heard by the court at the earliest possible
date and shall be entitled to preference upon the calendar of the
court over all other civil actions.
3. The employer shall pay its contribution from funds available
and is directed to pay same from tax money or from any other income
of the political subdivision; provided, however, the contributions
shall be paid from the same fund as the employee salary.
4. Every political subdivision is hereby authorized and directed
to levy a tax sufficient to meet its obligations under the provisions
of this chapter if any tax is needed.
5. Regardless of any potentially applicable statute of
limitations, if the system finds that the employer or employee, or
both, have erroneously underpaid contributions, the system shall
notify the employer and employee in writing of the total amount of
the underpayment, including interest, and the employer's and
employee's share of the underpayment. The system shall collect from
the employer the total amount of the underpayment, including the
employer's share, the employee's share, and the interest assessed to
both shares of the underpayment, regardless of whether the employee
has reimbursed the employer for the employee's share of the
underpayment. The employee shall be obligated to pay only the
employee's share of the underpaid contributions, without interest, to
the employer. The employer may collect the employee's share of
underpaid contributions from the employee or the employee's estate.
The employer may collect the employee's share through a deduction
from the employee's wages, or by maintaining a legal action against
the employee or the employee's estate. For purposes of section 1526
of the federal Taxpayer Relief Act of 1997, eligible participants, as
defined by section 1526, may make payments of contributions under
this section without regard to the limitations of section 415(c)(1)
of the federal Internal Revenue Code.
97B.9 CONTRIBUTIONS -- PAYMENT AND INTEREST.
1. An employer shall be charged the greater of twenty dollars per
occurrence or interest at the combined interest and dividend rate
required under section 97B.70 for the applicable calendar year for
contributions unpaid on the date on which they are due and payable as
prescribed by the system. The system may adopt rules prescribing
circumstances for which the interest or charge shall not accrue with
respect to contributions required. Interest or charges collected
pursuant to this section shall be paid into the Iowa public
employees' retirement fund.
2. If within thirty days after due notice the employer defaults
in payment of contributions or interest thereon, the amount due may
be collected by civil action in the name of the system, and the
employer adjudged in default shall pay the costs of such action.
Civil actions brought under this section to collect contributions or
interest thereon shall be heard by the court at the earliest possible
date and shall be entitled to preference upon the calendar of the
court over all other civil actions.
3. The employer shall pay its contribution from funds available
and is directed to pay same from tax money or from any other income
of the political subdivision; provided, however, the contributions
shall be paid from the same fund as the employee salary.
4. Every political subdivision is hereby authorized and directed
to levy a tax sufficient to meet its obligations under the provisions
of this chapter if any tax is needed.
5. Regardless of any potentially applicable statute of
limitations, if the system finds that the employer or employee, or
both, have erroneously underpaid contributions, the system shall
notify the employer and employee in writing of the total amount of
the underpayment, including interest, and the employer's and
employee's share of the underpayment. The system shall collect from
the employer the total amount of the underpayment, including the
employer's share, the employee's share, and the interest assessed to
both shares of the underpayment, regardless of whether the employee
has reimbursed the employer for the employee's share of the
underpayment. The employee shall be obligated to pay only the
employee's share of the underpaid contributions, without interest, to
the employer. The employer may collect the employee's share of
underpaid contributions from the employee or the employee's estate.
The employer may collect the employee's share through a deduction
from the employee's wages, or by maintaining a legal action against
the employee or the employee's estate. For purposes of section 1526
of the federal Taxpayer Relief Act of 1997, eligible participants, as
defined by section 1526, may make payments of contributions under
this section without regard to the limitations of section 415(c)(1)
of the federal Internal Revenue Code.
