279.46 - RETIREMENT INCENTIVES -- TAX.
279.46 RETIREMENT INCENTIVES -- TAX.
The board of directors of a school district may adopt a program
for payment of a monetary bonus, continuation of health or medical
insurance coverage, or other incentives for encouraging its employees
to retire before the normal retirement date as defined in chapter
97B. The program is available only to employees who notify the board
of directors prior to April 1 of the fiscal year that they intend to
retire not later than the start of the next following school
calendar. The age at which employees shall be designated eligible
for the program shall be at the discretion of the board. An employee
retiring under this section may apply for a retirement allowance
under chapter 97B or chapter 294. The board may include in the
district management levy an amount to pay the total estimated
accumulated cost to the school district of the health or medical
insurance coverage, bonus, or other incentives for employees within
the age range of fifty-five to sixty-five years of age who retire
under this section. Section History: Recent Form
87 Acts, ch 224, § 51; 89 Acts, ch 135, § 75; 92 Acts, ch 1220, §
1; 98 Acts, ch 1216, § 27, 43; 2002 Acts, ch 1152, §6; 2003 Acts, ch
180, §33
Referred to in § 298.4