Page Ten
N/Warren Town and County News
Thu]rsday, July 31, 2014
Legislative News
By State'Representative Julian B. Garrett
Julian.Garrett@legis.iowa.gov.
IPERS BOARD
I have been appointed to represent Senate Republi-
cans on the IPERS Investment Board. IPERS stands for
the Iowa Public Employee Retirement System. It pro-.
vides retirement benefits for the big majority of state
employees, including teachers. According to the IPERS
website, "The Investment Board of IPERS was created
by state law to establish policies and hire professional
service contractors for IPERS' investment and actuarial
Programs." There are seven voting members and four
legislator non-voting members.
It is a defined benefit plan, meaning that upon retire-
ment, the retiree receives a guaranteed amount per
month, based on a formula taking into account the
retiree's years of employment, age and his or her top
three years of earnings. Payments into the system are
exempt from income taxation. Funds paid into the IPERS
system are invested ila different ways, providing addi-
tional income to help fund the system.
By contrast, a defined contribution plan does not
guarantee a set amount of income, but provides for a
certain payment into the retirement fund. Though the
IPERS system is in much better shape than many state
and municipal retirement systems, it is not fully funded.
Estimates are that it has an unfunded actuarial liability
of more than $2 billion. Reduced returns on investments
in-recent years have contributed to this deficit. Fixing
this problem obviously will require increased payments
into the system, reducing benefits, or a combination of
the two.
As always, feel free to contact me with your ideas or
concerns at Julian.Garrett@legis.iowa.gov or515-281-
3371.
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To see the earth as we
now see it, small and
beautiful in that eternal
silence where it floats, is
to see ourselves as riders
on the earth together,
brothers on that bright
loveliness in the unend-
ing night.
LArchibald MacLeih
I
Deadline for ads, I
legals and stories
I
is Noon Friday!
Call 911
for
emergencies!
Traffic Crash, Sunset
Drive/Richard George
Drive. Vehicle driven by
Linette Hadley, Urban-
dale, struck a vehicle driv-
en by Megan Christner,
Davenport. Report was
made and forwarded to
the Iowa Department of
Transportation.
Civil Dispute, 2500
block Cedar Street. Infor-
mation taken; subject was
advised to Contact an attor-
ney.
Theft of Fuel, 500 block
North Avenue. Informa-
tion taken and report
made.
Hit and Run Traffic
Crash, 400 block Legacy
Parkway. Vehicle owned
by Nathan Burke, Anken:
was struck and damaged
while properly parked.
Report was made and
transmitted to the Iowa
Department of Transporta-
tion.
ulJa!K
Theft Report, 8000
block Echo Drive. Infor-
marion taken and report
made.
Hit an'l Run Traffic
Crash, Candlewick/Lake-
wood Drive. Parked vehi-
cle owned by Joseph
, Newquist, Norwalk, was
struck and damaged by an
It took the Democratic unknown vehicle. Steven
national convention 49 bal- Thomas, West Des Moines,
lots to come up with
Franklin Pierce as a presi- was later identified as the
dentialcandidate in 1852• driver. Thomas was
POLICE REPORT
Disclaimer: All defendants are innocent until
proven guilty in a court of law.
charged with Striking Un-
attended Vehicle. A report
was made and forwarded
to the Iowa Department of
Transportation.
Traffic Stop, 80th and
Beardsley. Scott Martens,
Urbandale, was arrested
and charged with Operat-
ing While Intoxicated and
Driving Wrong Side of
Highway. Subject was pro-
cessed and transported to
the Warren County Jail.
Traffic Crash, Beards-
ley/Switchgrass Trail. Ve-
hide driven by Kara Gesa-
I
man, Norwalk, struck a
vehicle driven by Caleb
Schumacher, Norwalk.
This caused the second
vehicle to strike a third
*¢ehicle, driven by Tyler
Osby, Clive. Report was"
made and forwarded to
the Iowa Department of
Transportation.
Theft Report, 1100
block Meadow Drive. In-
formation taken and re-
port made.
Theft Report, 400 block
Braeburn. Information tak-
en and report made.
Theft of Fuel, 500 block
North Avenue. Informa-
tion taken and report
made.
Neighborhood Distur-
bance, 1200 block Skylane
Drive. Spoke with all par-
ties involved; report made.
Traffic Crash, Beardsley
and Hwy 28. Vehicle driv-
en by David Catrenich, In-
dianola, struck a vehicle
driven by Linda Randaz-
zo, Norwalk. Report was
made and forwarded to
the Iowa Department of
Transportation.
Enjoy a Wost Dos M0ines addross
and attend Norwalk Schools at FoxValley.
Large walk-out
lots backing
to a pond or
Iowa's
countryside.
.", Quick, Easy drive
|
to Jordan Creek, downtown, and the airport!
-- Calt for more info: --:
'- Allyn Brown JohnAkers SuzyMarker
453-6403 453-5103 453-6009 "
Directions: Hwy 5 Bypass To SW Connector, South To Maffitt Lake Rd, West To S
20th Or Orilla Rd, South Through Orilla Development On The West Side Of The Road.
