Read the full stored bill text
STATE OF IOWA
KIM REYNOLDS
GOVERNOR
April 16, 2026
The Honorable Paul Pate
Secretary of State of Iowa
State Capitol
Des Moines, Iowa 50319
Dear Mr. Secretary,
I hereby transmit:
House File 2345, an Act relating to matters under the purview of the Iowa public
employees’ retirement system and the municipal fire and police retirement system, and
including effective date provisions.
The above House File is hereby approved on this date.
Sincerely,
Kim Rbfnolds
Governor of Iowa
cc: Secretary of the Senate
Clerk of the House
STATE CAPITOL DES MOINES, IOWA 50319 515.281.5211 WWW.GOVERNOR.IOWA.GOV
;miinnunnni num un mniiiim mi mu t nimm imni tiniin
J3nnni inimuHiM
iE PSIZeIhI JR RIGHTI
.WILL MAINTAIN
Fittitnm
Utlllll lllllllltmiHIIHHI M inmiimirnin nnnnnnnnnumn:
.tiiiuiimniim 71311 .
iHdl üli: llirilllllll!!' ffiijîîîËiîîîi^^
i^j GENERAL 'ÀSSËMBÏ. Ÿ' ^
House File 2345
AN ACT
RELATING TO MATTERS UNDER THE PURVIEW OF THE IOWA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE MUNICIPAL FIRE AND
POLICE RETIREMENT SYSTEM, AND INCLUDING EFFECTIVE DATE
PROVISIONS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
Section 1. Section 97B.17, Code 2026, is amended by adding
the following new subsection:
NEW SUBSECTION . 6. The system may release the legal name
and city of last known address of a member or beneficiary to
House File 2345, p. 2
the treasurer of state for purposes of assisting the system in
locating the member or beneficiary.
Sec. 2. Section 97B.18, Code 2026, is amended to read as
follows :
97B.18 Statement of accumulated credit.
After the expiration of each calendar year and prior to July
1 of the-- 3 ucceeding y e ar , the system shall furnish each member
with a statement of the member's accumulated contributions and
benefit credits accrued under thia chapt e r up to the end of
that cal-endar y e ar over the prior four quarters and additional
information the system deems useful to a member. The system
may furnish an estimate of the credits as of the projected
normal retirement date of the member under section 97B.45. The
records of the system as shown by the statement as to the wages
of each individual member for a year and the periods of payment
shall be conclusive for the purpose of this chapter, except as
otherwise provided in this chapter.
Sec. 3. Section 97B.48, subsection 6, Code 2026, is amended
to read as follows:
6 . Eff e ctive July 1, — 200 5 ,— monthly Monthly retirement
allowance payments shall be directly deposited without charge
to a retired member's account via electronic funds transfer.
A In lieu of electronic funds transfers, a retired member
may elect to receive monthly allowance payments in the form
of a reloadable payment card for which the system shall not
charge an administrative fee, or as paper warrants -tn— lieu
of e l e c t- fonic funds transf e rs, — bwb for which the system
shall charge an administrative fee for processing such pap e r
warrants . However, the system may, for good cause shown, waive
the administrative fee. The fee may be automatically deducted
from the monthly retirement allowance before the warrant is
issued to the retired member.
Sec. 4. Section 411.5, subsection 6, Code 2026, is amended
by adding the following new paragraph:
NEW PARAGRAPH , d. The system may release the legal name
and city of last known address of a member or beneficiary to
the treasurer of state for purposes of assisting the system in
locating the member or beneficiary.
House File 2345, p. 3
Sec. 5. EFFECTIVE DATE. This Act, being deemed of immediate
importance, takes^-effect upon enactment.
PAT GRASSL. AMY SINCLAIR
Speaker of the House President of the Senate
I hereby certify that this bill originated in the House and
is known as House File 2345, Ninety-first General Assembly.
Approved , 2026
MEGHAN NELSON
Chief CJ.erk of the House
KIM WN^LDS Zj
Governor