97D.4 PUBLIC RETIREMENT SYSTEMS COMMITTEE
ESTABLISHED.
1. A public retirement systems committee is established.
a. The committee shall consist of three members of the senate
appointed by the majority leader of the senate, two members of the
senate appointed by the minority leader of the senate, three members
of the house of representatives appointed by the speaker of the house
of representatives, and two members of the house of representatives
appointed by the minority leader of the house of representatives.
b. Members shall be appointed prior to January 31 of the
first regular session of each general assembly and shall serve for
terms ending upon the convening of the following general assembly or
when their successors are appointed, whichever is later. A vacancy
shall be filled in the same manner as the original appointment and
shall be for the remainder of the unexpired term of the vacancy.
c. The committee shall elect a chairperson and vice
chairperson. Meetings may be called by the chairperson or a majority
of the members.
2. The members of the committee shall be reimbursed for actual
and necessary expenses incurred in the performance of their duties
and shall be paid a per diem as specified in section 7E.6 for each
day in which they engaged in the performance of their duties.
However, per diem compensation and expenses shall not be paid when
the general assembly is actually in session at the seat of
government. Expenses and per diem shall be paid from funds
appropriated pursuant to section 2.12.
3. The committee shall:
a. Develop and recommend retirement standards and a coherent
state policy on public retirement systems.
b. Continuously survey pension and retirement developments in
other states and in industry and business and periodically review the
state's policy and standards in view of these developments and
changing economic and social conditions.
c. Review the provisions in the public retirement systems in
effect in this state.
d. Review individually sponsored bills relating to the public
retirement systems.
e. Review proposals from interested associations and
organizations recommending changes in the state's retirement laws.
f. Study the feasibility of adopting a consolidated
retirement system for the public employees of this state.
g. Make recommendations to the general assembly.
4. The committee may:
a. Contract for actuarial assistance deemed necessary, and
the costs of actuarial studies are payable from funds appropriated in
section 2.12, subject to the approval of the legislative council.
b. Administer oaths, issue subpoenas, and cite for contempt
with the approval of the general assembly when the general assembly
is in session and with the approval of the legislative council when
the general assembly is not in session.
5. Administrative assistance shall be provided by the legislative
services agency.
97D.4 PUBLIC RETIREMENT SYSTEMS COMMITTEE
ESTABLISHED.
1. A public retirement systems committee is established.
a. The committee shall consist of three members of the senate
appointed by the majority leader of the senate, two members of the
senate appointed by the minority leader of the senate, three members
of the house of representatives appointed by the speaker of the house
of representatives, and two members of the house of representatives
appointed by the minority leader of the house of representatives.
b. Members shall be appointed prior to January 31 of the
first regular session of each general assembly and shall serve for
terms ending upon the convening of the following general assembly or
when their successors are appointed, whichever is later. A vacancy
shall be filled in the same manner as the original appointment and
shall be for the remainder of the unexpired term of the vacancy.
c. The committee shall elect a chairperson and vice
chairperson. Meetings may be called by the chairperson or a majority
of the members.
2. The members of the committee shall be reimbursed for actual
and necessary expenses incurred in the performance of their duties
and shall be paid a per diem as specified in section 7E.6 for each
day in which they engaged in the performance of their duties.
However, per diem compensation and expenses shall not be paid when
the general assembly is actually in session at the seat of
government. Expenses and per diem shall be paid from funds
appropriated pursuant to section 2.12.
3. The committee shall:
a. Develop and recommend retirement standards and a coherent
state policy on public retirement systems.
b. Continuously survey pension and retirement developments in
other states and in industry and business and periodically review the
state's policy and standards in view of these developments and
changing economic and social conditions.
c. Review the provisions in the public retirement systems in
effect in this state.
d. Review individually sponsored bills relating to the public
retirement systems.
e. Review proposals from interested associations and
organizations recommending changes in the state's retirement laws.
f. Study the feasibility of adopting a consolidated
retirement system for the public employees of this state.
g. Make recommendations to the general assembly.
4. The committee may:
a. Contract for actuarial assistance deemed necessary, and
the costs of actuarial studies are payable from funds appropriated in
section 2.12, subject to the approval of the legislative council.
b. Administer oaths, issue subpoenas, and cite for contempt
with the approval of the general assembly when the general assembly
is in session and with the approval of the legislative council when
the general assembly is not in session.
5. Administrative assistance shall be provided by the legislative
services agency.
97D.4 PUBLIC RETIREMENT SYSTEMS COMMITTEE
ESTABLISHED.
1. A public retirement systems committee is established.
a. The committee shall consist of three members of the senate
appointed by the majority leader of the senate, two members of the
senate appointed by the minority leader of the senate, three members
of the house of representatives appointed by the speaker of the house
of representatives, and two members of the house of representatives
appointed by the minority leader of the house of representatives.
b. Members shall be appointed prior to January 31 of the
first regular session of each general assembly and shall serve for
terms ending upon the convening of the following general assembly or
when their successors are appointed, whichever is later. A vacancy
shall be filled in the same manner as the original appointment and
shall be for the remainder of the unexpired term of the vacancy.
c. The committee shall elect a chairperson and vice
chairperson. Meetings may be called by the chairperson or a majority
of the members.
2. The members of the committee shall be reimbursed for actual
and necessary expenses incurred in the performance of their duties
and shall be paid a per diem as specified in section 7E.6 for each
day in which they engaged in the performance of their duties.
However, per diem compensation and expenses shall not be paid when
the general assembly is actually in session at the seat of
government. Expenses and per diem shall be paid from funds
appropriated pursuant to section 2.12.
3. The committee shall:
a. Develop and recommend retirement standards and a coherent
state policy on public retirement systems.
b. Continuously survey pension and retirement developments in
other states and in industry and business and periodically review the
state's policy and standards in view of these developments and
changing economic and social conditions.
c. Review the provisions in the public retirement systems in
effect in this state.
d. Review individually sponsored bills relating to the public
retirement systems.
e. Review proposals from interested associations and
organizations recommending changes in the state's retirement laws.
f. Study the feasibility of adopting a consolidated
retirement system for the public employees of this state.
g. Make recommendations to the general assembly.
4. The committee may:
a. Contract for actuarial assistance deemed necessary, and
the costs of actuarial studies are payable from funds appropriated in
section 2.12, subject to the approval of the legislative council.
b. Administer oaths, issue subpoenas, and cite for contempt
with the approval of the general assembly when the general assembly
is in session and with the approval of the legislative council when
the general assembly is not in session.
5. Administrative assistance shall be provided by the legislative
services agency.
