Iowa Admin. Code r. 495-9.6

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 495-9.6 - Refund followed by commencement of disability benefits under Iowa Code section 97B50(2)

If a vested member terminates covered employment, takes a refund, and is subsequently approved for disability under the federal Social Security Act or the federal Railroad Retirement Act, the member may reinstate membership service credit for the period covered by the refund by paying the actuarial cost as determined in 495-subrule 8.1(1) and within 90 days after the date federal social security disability or railroad retirement disability payments begin. Repayments must be made by:

1. For members whose federal social security or railroad retirement disability payments begin before July 1, 2000, within 90 days after July 1, 2000; or

2. For members whose social security or railroad retirement disability payments begin on or after July 1, 2000, within 90 days after the date federal social security or railroad retirement payments begin.

Iowa Admin. Code r. 495-9.6

Amended by IAB March 13, 2019/Volume XLI, Number 19, effective 4/17/2019