410.15 Guarantee of pension benefits.
Each city, in which contributory fire or police retirement systems based upon actuarial tables, shall be established by this Act* for the benefit of fire fighters or police officers appointed to either force after the establishment of the same, is hereby bound and obligated to carry out, and authorized to enter into a written agreement evidencing the same, with each person, on retired or active service, who has heretofore contributed, or, at the time of the taking effect of this Act, is contributing to the pension system now in effect in said city, in consideration of past and future payments to the pension fund of the system to which the police officer or fire fighter is, or has been contributing, the present and prospective benefits provided by the pension system to which the police officer or fire fighter is or has been contributing, guaranteeing that the present rate of payment by such person to said pension fund shall not be increased, also guaranteeing that the present and prospective rights and benefits provided for by said systems shall not be abridged nor lessened, and guaranteeing to all such persons so contributing all of the rights and benefits present and prospective provided in such pension system. The obligation of each such city for said rights and benefits shall be a direct charge on said city.
[S13, §932-h,-q; C24, 27, 31, 35, 39, §6323; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §410.15]
*See 34 Acts, 1st Ex, ch 75, effective date March 2, 1934
Structure Iowa Code
Chapter 410 - FIRE FIGHTERS AND POLICE OFFICERS — RETIREMENT AND DISABILITY
Section 410.1 - Pension funds.
Section 410.2 - Boards of trustees — officers.
Section 410.3 - Investment of surplus.
Section 410.4 - Gifts, devises, or bequests.
Section 410.5 - Membership fee — assessments.
Section 410.6 - Who entitled to pension — conditions.
Section 410.7 - Soldiers and sailors.
Section 410.8 - Disability — how contracted.
Section 410.9 - Retired members assigned for light duty.
Section 410.10 - Pensions — surviving spouse — children — dependents.
Section 410.12 - Volunteer or call fire fighters.
Section 410.13 - Reexamination of retired members.
Section 410.14 - Decision of board.
Section 410.15 - Guarantee of pension benefits.
Section 410.16 - Moneys drawn — how paid — report.
Section 410.17 - City marshal.
Section 410.18 - Hospital expense.