Chapter 353D — Public Employees Defined Contribution Plan

353D.01 Public Employees Defined Contribution Plan This section creates the Public Employees Defined Contribution Plan, run by the Public Employees Retirement Association … 353D.02 Election of Coverage This section explains how eligible people choose to join the defined contribution plan. Most participants must make … 353D.021 This section was repealed in 1991 and is no longer in effect. 353D.03 Funding of Plan This section explains how the defined contribution plan is funded. Local officials and physicians contribute 5 percent … 353D.031 This section was repealed in 1991 and is no longer in effect. 353D.04 Contributions and Deductions in Error This section explains how contributions are credited to individual participant accounts. It also gives PERA authority to … 353D.05 Investment of Funds This section covers how plan money is invested. Participants choose from investment options offered by the State Board … 353D.051 This section was repealed in 1991 and is no longer in effect. 353D.06 Reporting PERA creates the forms that employers use to report contributions and that participants use to make elections. Reports … 353D.07 Benefits This section explains how participants receive their retirement benefits. After leaving service, becoming disabled, or … 353D.071 This section was repealed in 2024 and is no longer in effect. 353D.08 Portability Ambulance service workers who switch between participating ambulance services within 30 days can keep their plan … 353D.09 Tax Qualification PERA must set up the defined contribution plan to meet IRS rules so that it qualifies as a tax-exempt pension plan. … 353D.091 This section was repealed in 1991 and is no longer in effect. 353D.10 Not Considered a Local Plan The public employees defined contribution plan is not considered a local government pension plan for purposes of state … 353D.11 This section was repealed in 1996 and is no longer in effect. 353D.12 This section was repealed in 2010 and is no longer in effect.