ARC 0441D

ARC 0441D

IOWA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM[495]

Adopted and Filed Emergency

Rulemaking related to employers

    The Iowa Public Employees’ Retirement System (IPERS) hereby amends Chapter 4, “Employers,” Iowa Administrative Code.

Legal Authority for Rulemaking

    This rulemaking is adopted under the authority provided in Iowa Code chapter 97B.

State or Federal Law Implemented

    This rulemaking implements, in whole or in part, Iowa Code chapter 97B and 2026 Iowa Acts, House File 1023.

Purpose and Summary

    This rulemaking is intended to implement the relevant provisions of recently enacted 2026 Iowa Acts, House File 1023, “an Act relating to benefits and contributions for members of the Iowa public employees’ retirement system who are employed in a protection occupation.” The Act enhances benefits for such members and outlines a new contribution rate split between employers and members, outlines an increase in the multiplier maximum to 80 percent with 30 years of service and makes class retirees meeting specific criteria eligible for a 1.5 percent annual compounding cost-of-living adjustment. Pursuant to the Iowa Code, contribution rates must be published and made effective by July 1 of each fiscal year, which requires emergency rulemaking in this instance.

Reason for Adoption of Rulemaking Without
Prior Notice and Opportunity for Public Participation

    Pursuant to Iowa Code section 17A.4(3), IPERS finds that notice and public participation are unnecessary or impractical because emergency adoption was approved by the Administrative Rules Review Committee. In compliance with Iowa Code section 17A.4(3)“a,” the Administrative Rules Review Committee at its June 16, 2026, meeting reviewed IPERS’ determination and this rulemaking and approved the emergency adoption.

Reason for Waiver of Normal Effective Date

    Pursuant to Iowa Code section 17A.5(2)“b”(1)(b), IPERS also finds that the normal effective date of this rulemaking, 35 days after publication, should be waived and the rulemaking made effective on July 1, 2026, because IPERS’ enabling statute, Iowa Code chapter 97B, requires an annual actuarial valuation of assets and certification of new contribution rates (Iowa Code section 97B.4(4)“d”) and the updated contribution rates are to be calculated prior to their mandatory annual effective date of July 1, the first day of the new fiscal year.

Adoption of Rulemaking

    This rulemaking was adopted by the Acting Chief Executive Officer on June 16, 2026.

Concurrent Publication of Notice of Intended Action

    In addition to its adoption on an emergency basis, this rulemaking has been initiated through the normal rulemaking process and is published herein under Notice of Intended Action as ARC 0440D to allow for public comment.

Fiscal Impact

     This rulemaking has no fiscal impact to the State of Iowa.

Jobs Impact

    After analysis and review of this rulemaking, no impact on jobs has been found.

Waivers

    Any person who believes that the application of the discretionary provisions of this rulemaking would result in hardship or injustice to that person may petition IPERS for a waiver of the discretionary provisions, if any, pursuant to 495—Chapter 2504.

Review by Administrative Rules Review Committee

    The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rulemaking by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rulemaking at its regular monthly meeting or at a special meeting. The Committee’s meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).

Effective Date

    This rulemaking became effective on July 1, 2026.

    The following rulemaking action is adopted:

ITEM 1.  Amend subrule 4.6(3) as follows:

4.6(3) Contribution rates for protection occupations are as follows.

[Filed Emergency 6/23/26, effective 7/1/26]

[Published 7/8/26]

EDITOR’S NOTE: For replacement pages for IAC, see IAC Supplement 7/8/26.