Iowa Admin. Code r. 661-402.306 - Other provisions
(1) Within
60 days following the entry of an adjustment to a member's years of service
based on a purchase of permissive service credit, the secretary shall report
the purchase to the system under which the service credit was originally
earned.
NOTE: This notification is intended to meet the requirement that a member not receive a retirement benefit under more than one retirement plan for the same period of service.
(2) The average final compensation of the
member shall not be affected by the purchase of permissive service
credit.
Notes
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