Iowa House votes to keep public pensions tax exempt
In a decisive 2 to 1 vote, the Iowa House rejected a bid by Rep. Minnette Doderer to tax public employee pensions. Doderer cited fairness as she noted IPERS benefits rising to 20 000 annually and potential tax-free income of up to 43 000 from pensions and Social Security for some couples. Support came from conservative Republicans while opponents warned of changing rules midstream for public workers. Other pension systems such as TIAA Cref remain taxed.