House OKs bill to put more money in IPERS

DeMoines Register: State and local governments and their employees would pay at least $103.5 million more a year in retirement costs under a bill approved Wednesday by the Iowa House.

Roughly $62 million of that cost would come from future state and local government budgets, which could affect future taxpayer rates.

Democrats said the bill, House File 2519, is necessary to help stabilize state retirement systems that have been knocked by higher usage rates, largely due to Iowans living longer, and market losses. Read Article

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