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Study On IPERS Changes Under Review In Iowa
An actuarial study of the Iowa Public Employee Retirement System IPERS explores lifting or raising the $7 800 wage ceiling, lowering retirement age, and other reforms. The plan covers about 110 000 public workers with contributions totaling over 47 million annually. Proposals include minimum formulas based on service years, lower vesting, a final five year average, and adjusted yield allocations while preserving actuarial soundness.
MENTIONED IN THIS ARTICLE
Des Moines
IDPA
Iowa
IPERS
Francis Messerly
Cedar Falls
C. Raymond Fisher
Grand Junction
Harold McCormick
Manchester
Milliman and Robertson, Inc
Omaha
Fenton R. Isaacson
Isaacson