Democrats believe every worker deserves a secure retirement. That includes the hundreds of thousands of Iowans who contribute part of each paycheck to one of Iowa’s public retirement systems.
Our public retirement systems are well managed and fiscally sound. However, because Republicans now control Iowa's state government from top to bottom, those funds could be at risk.
Here are three reasons why:
As soon as she became Iowa’s Governor, Kim Reynolds said making changes to IPERS was one of her top three priorities.
Legislation to end IPERS, Senate File 45, could be debated this January. In just the last three months, Republicans have twice invited an out-of-state, right-wing think tank (the so-called Reason Foundation) to Iowa to argue against IPERS.
During the 2017 legislative session, Iowa Republicans repeatedly passed extreme legislation without meaningful public input. The same rushed process could be used to eliminate IPERS. In other states, legislatures have raided retirement funds. Iowa could be next.
That’s why Iowans whose families depend on one of our public retirement funds must prevent Republicans from raiding those funds.
Iowa Public Retirement Alerts is a joint project of the Iowa House and Senate Democratic caucuses. Alerts provide Iowans with the information they need to protect their pensions and maintain our state’s widely respected, fiscally sound public retirement systems.