411.30 - TRANSFER OF MEMBERSHIP.

        411.30  TRANSFER OF MEMBERSHIP.         Upon the written approval of the applicable county board of      supervisors and city council, to the Iowa public employees'      retirement system, a vested member of the Iowa public employees'      retirement system on June 30, 1986 who meets all of the following      requirements shall become a member of a retirement system under this      chapter on July 1, 1986:         1.  Was a vested member of the retirement system established in      this chapter on June 30, 1973.         2.  Was an elected bailiff of a municipal court on June 30, 1973.         3.  Became a deputy sheriff on July 1, 1973 and pursuant to 1972      Iowa Acts, chapter 1124, section 43, continued coverage under a      retirement system under this chapter.         4.  Upon election as a county sheriff, was transferred from      membership under this chapter to membership in a retirement system      established in chapter 97B.         The Iowa public employees' retirement system shall transfer to the      board of trustees of the applicable retirement system under this      chapter an amount equal to the total of the accumulated contributions      of the member as defined in section 97B.1A, subsection 2, together      with the employer contribution for that period of service plus the      interest that accrued on the contributions for that period equal to      two percent plus the interest dividend rate applicable for each year.      The board of trustees of the applicable retirement system under this      chapter shall credit the member whose contributions are transferred      under this section with membership service under this chapter for the      period for which the member was covered under the Iowa public      employees' retirement system.  If the amount of the accumulated      contributions as defined in section 97B.1A, subsection 2, transferred      is less than the amount that would have been contributed under      section 411.8, subsection 1, paragraph "f", at the rates in      effect for the period for which contributions were made plus the      interest that would have accrued on the amount, the member shall pay      the difference together with interest that would have accrued on the      amount.         If the amount of the employer contributions transferred is less      than the amount that would have been contributed by the employer      under section 411.5, subsection 12, paragraph "b", plus the      interest that would have accrued on the contributions, the board of      trustees of the applicable retirement system under this chapter shall      determine the remaining contribution amount due.  The board of      trustees shall notify the county board of supervisors of the county      in which the sheriff was elected of the remaining amount to be paid      to the retirement system under this chapter.         The county board of supervisors shall forthwith pay to the board      of trustees of the applicable retirement system the remaining amount      to be paid from moneys in the county general fund.         From July 1, 1986, the county board of supervisors of the county      in which the sheriff was elected shall deduct the contribution      required of the member under section 411.8, subsection 1, paragraph      "f", from the member's earnable compensation and the county shall      pay from the county general fund an amount equal to the normal rate      of contribution multiplied by the member's earnable compensation to      the applicable retirement system for the period in which the member      remains sheriff or deputy sheriff of that county.  
         Section History: Recent Form
         86 Acts, ch 1243, § 30; 98 Acts, ch 1183, §82         Referred to in § 411.37