A bill for an act relating to benefits and contributions for members of the Iowa public employees’ retirement system who are employed in a protection occupation.

Removed the Governor's signature page and corrected minor formatting errors, such as typos in the Governor's name and inconsistent spacing, to produce the final legal text.

Added certification signatures from the Speaker of the House and President of the Senate, along with a Chief Clerk signature, to formally certify the bill's passage and enrollment.

Standardized the effective date references throughout the text to ensure consistency between the signed version and the final enrolled version.

Retirement benefit calculation for protection occupation members retiring on or after July 1, 2025, is changed to award 0.625% of average covered wage for each calendar quarter of service beyond 22 years (up to 20 additional points), replacing the previous 0.375% rate.

Eligibility for the annual cost-of-living adjustment (COLA) requires members to have attained age 55 prior to retirement (previously age 50), aligning it with other IPERS provisions.

The bill establishes a transition period where contribution rates differ between fiscal years ending June 30, 2025, and those beginning July 1, 2026, with specific percentages defined for each era.

New definitions for 'Applicable employee percentage' and 'Applicable employer percentage' are added to clarify how contribution rates are calculated for different retirement periods.