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Iowa Public Employees Retirement System to see changes
by Liz Mathis State Senator · March 9th, 2017

Is the Iowa Public Employees Retirement System (IPERS) next on the chopping block? We have been getting a lot of questions from constituents about the retirement security of Iowans. I am concerned about suggestions by Governor Branstad, Lt. Governor Reynolds and special-interest groups that major changes are ahead for IPERS.

The Legislature established IPERS in the 1950s to attract and retain the best public employees. IPERS covers public school employees, as well as city, county and state employees. The benefits paid by IPERS go directly into the economy for the purchase of goods and services, and allow members to care for themselves in retirement.

Nationally, some public pension funds face shortfalls that worry government officials. In Iowa, the good news is that IPERS is doing fine and is much better off than other states because of stock-market gains and responsible management by employees, management and the Legislature.

That's why it's so upsetting for retirees, soon-to-be retirees and other workers who have invested in IPERS to hear the Governor, Lt. Governor, and others talking about overhauling their retirement system.

This topic is especially concerning after the Legislature quickly rushed to overhaul the state's collective bargaining law with little public input or research about the impact of the changes. Unnecessary changes to IPERS are not fair to public employees who are counting on the retirement in which they've contributed.

As always, please email me with questions, comments or concerns at
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