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HSB 73

A bill for an act relating to the Iowa public employees’ retirement system’s notification requirements to members.

2025-2026 Regular Session

HF 261 repeals IPERS' pre-retirement termination notice, removing the requirement to mail balance/status and action options to members who leave covered employment before retirement.

Committee report approving bill, renumbered as HF 261.
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Bill Summary · HSB 73

Summary: HSB 73 (renumbered as HF 261) — IPERS notification requirements

Overview

HSB 73, introduced January 23, 2025, seeks to repeal a specific notification requirement imposed on the Iowa public employees’ retirement system (IPERS). The bill was advanced through the committee process and, in the February 2025 action cycle, was approved by the committee and renumbered as HF 261. The measure would remove a pre-retirement termination notification to IPERS members.

What the bill would do

  • Repeal the IPERS obligation to notify a member who terminates covered employment before retirement.
  • The repealed obligation required IPERS to mail to the member’s last known address a notice that:
    • shows the balance and status of the member’s IPERS accounts, and
    • explains the member’s possible courses of action under Code chapter 97B.

Key provisions

  • Section 1 repeals Section 97B.53A, Code 2025.
  • The repealed requirement is specifically the pre-retirement notice to terminated members containing account balance/status and potential actions under Chapter 97B.
  • The bill does not add any new notification requirements or other changes to IPERS operations beyond repealing this notice obligation.

Who is affected

  • IPERS and its administrative staff (by removing a specific notification duty).
  • Members of IPERS who terminate employment before reaching retirement (they would no longer receive the pre-retirement balance/status notification from IPERS at termination).

Procedural history and timeline

  • 2025-01-23: Introduced and referred to State Government.
  • 2025-01-27: Subcommittee meeting (Collins, Jeneary, Zabner) scheduled for 01/29/2025.
  • 2025-01-29: Subcommittee recommends passage.
  • 2025-02-05: Committee report recommending passage; subcommittee action reflected in committee approval.
  • 2025-02-06: Committee report approving the bill, renumbered as HF 261.

Format and status

  • Status: Committee report approving bill; renumbered as HF 261.
  • Official intent: Eliminate the requirement for IPERS to notify terminated members about account balance/status and possible actions.

Potential implications to consider

  • Administrative impact: Likely reduces IPERS’ routine communications for terminated employees prior to retirement.
  • Member awareness: Could reduce direct notices about account status for those who leave covered employment before retirement (no explicit replacement notice required by this bill).
  • Financial/operational: No new costs or savings are stated in the summary; the primary change is the removal of a specific notification obligation.

This summary presents the bill’s core purpose, changes, and who/what it affects, along with a concise timeline of its progression through the Iowa General Assembly.

Compiled from official sources — confirm details with the bill’s official record.

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