Iowa Administrative Code
Agency 495 - Iowa Public Employees' Retirement System
Chapter 8 - Service Purchases
Rule 495-8.6 - Adjustments
Universal Citation: IA Admin Code 495-8.6
Current through Register Vol. 47, No. 6, September 18, 2024
If an error in the service purchase cost is discovered or a member's account is adjusted in any manner after a purchase is made, IPERS may rescind the service purchase, make adjustments to the service purchase cost, or adjust the retirement allowance to ensure the active or retired member is paying the actuarial cost of buying additional service.
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