A bill for an act relating to early retirement benefits for members of the peace officers’ retirement, accident, and disability system.

HF 2387 changes early retirement rules for Iowa peace officers in the retirement system. It raises the required service years from 22 to 25 for early retirement eligibility (ages 50-54), and replaces the board’s discretionary calculation with fixed benefit percentages: 84% for 25-31 years of service, 88% for 32-33 years, and 90% for 34+ years. The bill also adds a 1.5% annual pension adjustment on July 1 for early retirees. These changes directly affect peace officers qualifying for early retirement under the system.