Eligibility for benefits — bona fide retirement.

Iowa Code § 97B.52A, under Chapter 97B. IOWA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (IPERS).

Iowa Code § 97B.52A

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For the purposes of this subparagraph, “public hospital” means a hospital licensed pursuant to chapter 135B and governed pursuant to chapter 145A , 347 , 347A , or 392 . \~\~ (c) \~\~ Effective May 25, 2008, any employment with a covered employer does not include noncovered employment as a member of the national guard called to state active duty as defined in section 29A.1 . \~\~ (d) \~\~ For a member whose first month of entitlement is July 2024 or later, but before July 2027, the member may return to covered employment as a teacher for a covered employer after receiving one month of retirement benefits. For the purposes of this subparagraph division, “teacher” means a teacher licensed under chapter 256 . \~\~ 2. \~\~ A member may commence receiving retirement benefits under this chapter upon satisfying eligibility requirements. However, a retired member who commences receiving a retirement allowance but fails to meet the applicable requirements of subsection 1 does not have a bona fide retirement and any retirement allowance received by such a member must be returned to the system together with interest earned on the retirement allowance calculated at a rate determined by the system. Until the member has repaid the retirement allowance and interest, the system may withhold any future retirement allowance for which the member may qualify. \~\~ 3. \~\~ A member whose first month of entitlement is before July 1998 and who terminates covered employment but maintains an employment relationship with an employer that made contributions to the retirement system on the member’s behalf does not have a bona fide retirement until all employment, including employment which is not covered by this chapter , with such employer is terminated for at least thirty days. In order to receive retirement benefits, the member must file a completed application for benefits form with the system before returning to any employment with the same employer. \~\~ 4. \~\~ The requirements of this section shall apply to a lump sum payment as provided by section 97B.48, subsection 1 , and the payment of contributions as provided in section 97B.48A, subsection 4 . 92 Acts, ch 1201, §55 ; 95 Acts, ch 102, §10 ; 96 Acts, ch 1187, §48 ; 98 Acts, ch 1183, §55, 56 ; 2000 Acts, ch 1077, §59 – 62 ; 2001 Acts, ch 68, §21, 24 ; 2003 Acts, ch 145, §286 ; 2004 Acts, ch 1103, §46 ; 2005 Acts, ch 167, §29, 66 ; 2006 Acts, ch 1092, §6 ; 2010 Acts, ch 1167, §33, 40 ; 2012 Acts, ch 1138, §21 ; 2013 Acts, ch 138, §115, 127 ; 2024 Acts, ch 1002, §39 Referred to in §97B.1A , 97B.42 , 257.10 , 284.15 , 284.16 , 284.17