Iowa currently maintains four retirement systems in the state for Iowans who work in various careers such as police officers, firefighters, and teachers.
Even before session began, lawmakers have been working to make sure Iowans have a strong retirement system. Throughout the legislative session lawmakers on the committee tasked with monitoring the public retirement systems met to hear presentations and ask questions from pension experts.
The Legislature did not make any changes to the retirement systems this legislative session sending a clear signal that Iowa continues to be a leader in the nation in retirement system management and continues to be proactive in addressing potential issues. All four retirement systems are in a strong and stable place to provide a secure retirement for working Iowans.
Public retirement systems in Iowa ensure approximately 360,234 Iowans including police officers, teachers, firefighters, correction officers, and numerous other professions have a secure and reliable retirement system. According to the National Institute on Retirement Security Iowa pension systems have an economic impact of $2.4 billion in the state, with an added $1.3 billion value to Iowa.