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 Iowa Administrative Rules (Last Updated: December 07, 2016)
 Department 661. Public Safety Department
 Chapter 402. PEACE OFFICERS’ RETIREMENT, ACCIDENT, AND DISABILITY SYSTEM— ELIGIBILITY, BENEFITS, AND PAYMENTS

  Section 661.402.212. Method of calculating annual adjustment for members who retire on or after July 1, 2010.  

Latest version.

  • For members retiring on or after July 1, 2010, there shall be an adjustment occurring on July 1 for which the following applicable amount shall be added to the member’s monthly allowance:

           402.212(1) On the first July 1 following the retirement of a member, there shall be added to the monthly allowance the amount of $15. There shall be no other adjustment to the monthly allowance under the provisions of this rule until the adjustment provided in subrule 402.212(2) applies.

           402.212(2) An additional $5 shall be added to the member’s monthly allowance when the member’s retirement date was at least five years, but less than ten years, prior to the effective date of the adjustment, the total adjustment to the member’s monthly allowance then being $20. There shall be no other adjustment to the monthly allowance under the provisions of this rule until the adjustment provided in subrule 402.212(3) applies.

           402.212(3) An additional $5 shall be added to the member’s monthly allowance when the member’s retirement date was at least 10 years, but less than 15 years, prior to the effective date of the adjustment, the total adjustment to the member’s monthly allowance then being $25. There shall be no other adjustment to the monthly allowance under the provisions of this rule until the adjustment provided in subrule 402.212(4) applies.

           402.212(4) An additional $5 shall be added to the member’s monthly allowance when the member’s retirement date was at least 15 years, but less than 20 years, prior to the effective date of the adjustment, the total adjustment to the member’s monthly allowance then being $30. There shall be no other adjustment to the monthly allowance under the provisions of this rule until the adjustment provided in subrule 402.212(5) applies.

           402.212(5) An additional $5 shall be added to the member’s monthly allowance when the member’s retirement date was at least 20 years prior to the effective date of the adjustment, the total adjustment to the member’s monthly allowance then being $35.

    [ARC 8935B, IAB 7/14/10, effective 7/1/10]