Iowa Code
Chapter 97B - IOWA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (IPERS)
Section 97B.52A - Eligibility for benefits — bona fide retirement.

97B.52A Eligibility for benefits — bona fide retirement.
1. A member has a bona fide retirement when the member terminates all employment covered under the chapter or formerly covered under the chapter pursuant to section 97B.42, files a completed application for benefits form with the system, survives into the month for which benefits are first payable, and meets the following applicable requirement:
a. For a member whose first month of entitlement is prior to July 1, 1998, the member does not return to covered employment until the member has qualified for no fewer than four calendar months of retirement benefits.
b. For a member whose first month of entitlement is July 1998 or later, but before July 2000, the member does not return to any employment with a covered employer until the member has qualified for no fewer than four calendar months of retirement benefits.
c. (1) For a member whose first month of entitlement is July 2000 or later, the member does not return to any employment with a covered employer until the member has qualified for at least one calendar month of retirement benefits, and the member does not return to covered employment until the member has qualified for no fewer than four calendar months of retirement benefits.
(2) For purposes of determining a bona fide retirement under this paragraph “c”, the following provisions apply:
(a) Effective July 1, 2000, any employment with a covered employer does not include employment as an elective official or member of the general assembly if the member is not covered under this chapter for that employment.
(b) For a member whose first month of entitlement is July 2004 or later, but before July 2014, covered employment does not include employment as a licensed health care professional by a public hospital. For the purposes of this subparagraph, “public hospital” means a hospital licensed pursuant to chapter 135B and governed pursuant to chapter 145A, 347, 347A, or 392.
(c) Effective May 25, 2008, any employment with a covered employer does not include noncovered employment as a member of the national guard called to state active duty as defined in section 29A.1.
2. A member may commence receiving retirement benefits under this chapter upon satisfying eligibility requirements. However, a retired member who commences receiving a retirement allowance but fails to meet the applicable requirements of subsection 1 does not have a bona fide retirement and any retirement allowance received by such a member must be returned to the system together with interest earned on the retirement allowance calculated at a rate determined by the system. Until the member has repaid the retirement allowance and interest, the system may withhold any future retirement allowance for which the member may qualify.
3. A member whose first month of entitlement is before July 1998 and who terminates covered employment but maintains an employment relationship with an employer that made contributions to the retirement system on the member’s behalf does not have a bona fide retirement until all employment, including employment which is not covered by this chapter, with such employer is terminated for at least thirty days. In order to receive retirement benefits, the member must file a completed application for benefits form with the system before returning to any employment with the same employer.
4. The requirements of this section shall apply to a lump sum payment as provided by section 97B.48, subsection 1, and the payment of contributions as provided in section 97B.48A, subsection 4.
92 Acts, ch 1201, §55; 95 Acts, ch 102, §10; 96 Acts, ch 1187, §48; 98 Acts, ch 1183, §55, 56; 2000 Acts, ch 1077, §59 – 62; 2001 Acts, ch 68, §21, 24; 2003 Acts, ch 145, §286; 2004 Acts, ch 1103, §46; 2005 Acts, ch 167, §29, 66; 2006 Acts, ch 1092, §6; 2010 Acts, ch 1167, §33, 40; 2012 Acts, ch 1138, §21; 2013 Acts, ch 138, §115, 127
Referred to in §97B.1A, 97B.42

Structure Iowa Code

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.1A - 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.5

Section 97B.6

Section 97B.7 - Fund created — exclusive benefit — standing appropriations.

Section 97B.7A - Investment and management of retirement fund — standards — immunity.

Section 97B.8

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.12

Section 97B.13

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.20

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.26

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.40 - Fraud.

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.44 - Beneficiary.

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.54

Section 97B.55

Section 97B.56 - Abolished system — liquidation fund.

Section 97B.57

Section 97B.58 - Information furnished by employer.

Section 97B.59

Section 97B.60

Section 97B.61

Section 97B.62 - Accepting employment deemed consent.

Section 97B.64 - Insurance laws not applicable.

Section 97B.65 - Revision rights reserved — limitation on increase of benefits — rates of contribution.

Section 97B.66 - Former members.

Section 97B.68 - Employees under federal civil service.

Section 97B.70 - Interest and dividends to members.

Section 97B.71

Section 97B.72

Section 97B.72A

Section 97B.73

Section 97B.73A

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.80A

Section 97B.80B

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.