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.
[C46, 50, §97.13, 97.39; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §97B.45]
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
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 97B - IOWA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (IPERS)
Section 97B.1 - System created — organizational definitions.
Section 97B.2 - Purpose of chapter.
Section 97B.3 - Chief executive officer — appointment and qualifications.
Section 97B.4 - Administration of chapter — powers and duties of system — immunity.
Section 97B.7 - Fund created — exclusive benefit — standing appropriations.
Section 97B.7A - Investment and management of retirement fund — standards — immunity.
Section 97B.8A - Investment board.
Section 97B.8B - Benefits advisory committee.
Section 97B.9 - Contributions — payment and interest.
Section 97B.9A - Collections — waiver.
Section 97B.10 - Crediting of erroneous contributions.
Section 97B.11 - Contributions by employer and employee.
Section 97B.11A - Pickup of employee contributions.
Section 97B.14 - Contributions forwarded.
Section 97B.14A - Wage reporting.
Section 97B.15 - Rules, policies, and procedures.
Section 97B.16 - Procedure of system.
Section 97B.17 - Records maintained.
Section 97B.18 - Statement of accumulated credit.
Section 97B.19 - Revision for error.
Section 97B.20A - Appeal procedure.
Section 97B.20B - Hearing by administrative law judge.
Section 97B.22 - Witnesses and evidence.
Section 97B.23 - Penalty for noncompliance.
Section 97B.24 - Production of books and papers.
Section 97B.25 - Applications for benefits.
Section 97B.27 - Review of decision.
Section 97B.28 - System deemed party to action.
Section 97B.29 - Judicial review.
Section 97B.32 - Appeal to supreme court.
Section 97B.33 - Payment to individuals.
Section 97B.34 - Payment to representatives.
Section 97B.34A - Payment to minors.
Section 97B.35 - Finality of such payments.
Section 97B.36 - Representatives of system.
Section 97B.37 - Recognition of agents.
Section 97B.38 - Fees for services.
Section 97B.39 - Rights not transferable or subject to legal process — exceptions.
Section 97B.42 - Mandatory membership — membership in other systems.
Section 97B.42A - Optional exclusion from membership.
Section 97B.42B - Transfer to chapter 97A — options for certain public safety employees.
Section 97B.42C - Retirement system merger.
Section 97B.43 - Prior service credit.
Section 97B.45 - Normal retirement date.
Section 97B.46 - Service after age sixty-five.
Section 97B.47 - Early retirement date.
Section 97B.48 - Payment of allowances.
Section 97B.48A - Reemployment.
Section 97B.49 - Dormant accounts.
Section 97B.49A - Monthly payments of allowance — general calculation.
Section 97B.49B - Protection occupation.
Section 97B.49C - Sheriffs and deputy sheriffs.
Section 97B.49D - Hybrid formula.
Section 97B.49E - Minimum benefits.
Section 97B.49F - Retirement dividends.
Section 97B.49G - Monthly payments of allowance — miscellaneous provisions.
Section 97B.49H - Active member supplemental accounts.
Section 97B.49I - Qualified benefits arrangement.
Section 97B.50 - Early retirement.
Section 97B.50A - Disability benefits for special service members.
Section 97B.51 - Allowance upon retirement.
Section 97B.52 - Payment to beneficiary.
Section 97B.52A - Eligibility for benefits — bona fide retirement.
Section 97B.53 - Termination of employment — refund options.
Section 97B.53A - Duty of system.
Section 97B.53B - Rollovers of members’ accounts.
Section 97B.56 - Abolished system — liquidation fund.
Section 97B.58 - Information furnished by employer.
Section 97B.62 - Accepting employment deemed consent.
Section 97B.64 - Insurance laws not applicable.
Section 97B.66 - Former members.
Section 97B.68 - Employees under federal civil service.
Section 97B.70 - Interest and dividends to members.
Section 97B.73B - Patient advocates — unpaid contributions — service purchase.
Section 97B.74 - Reinstatement as a vested member (buy-back).
Section 97B.75 - Prior service credit before January 1, 1946.
Section 97B.80 - Veteran’s credit.
Section 97B.80C - Purchases of permissive service credit.
Section 97B.81 - Leaves of absence.
Section 97B.82 - Purchase of service credit — direct rollovers — direct transfers.