DES MOINES, Iowa ( IOWA CAPITAL DISPATCH ) - Several Iowa Republican lawmakers have assured Iowans there is not significant interest in making changes to the state’s public retirement system after the idea was suggested last week by members of a task force appointed by the governor.
Terry Lutz, who chaired a work group within the Iowa DOGE task force, said at a meeting Wednesday that one of the recommendations under consideration was “doing away with the current defined benefits program and going to a defined contribution program” for public employees. This change was recommended because compensation packages for government workers through IPERS, the Iowa Public Employees’ Retirement System, are “way out of whack” with private sector compensation, he said.
The proposal on IPERS and