Iowa Administrative Code Agency 495 - Iowa Public Employees' Retirement System
The Iowa Administrative Code (IAC) Agency 283 governs the College Student Aid Commission (CSAC), which is responsible for administering state-funded financial aid programs for Iowa college students.
🔍 Overview of Agency 283 - College Student Aid Commission
Primary Responsibilities:
Administering state scholarships, grants, and loan repayment programs.
Promoting access to higher education for Iowans.
Providing financial literacy resources.
Coordinating with Iowa colleges and universities on student aid policies.
📘 Key Chapters Under Agency 283 (subject to updates):
Here are some commonly included or historically available chapters. Check the most recent IAC for updates:
Chapter 1 – Organization and Operation
Chapter 8 – Iowa Tuition Grant Program
Chapter 9 – All Iowa Opportunity Scholarship
Chapter 10 – Iowa National Guard Service Scholarship
Chapter 11 – Teacher Shortage Loan Forgiveness Program
Chapter 13 – Registered Nurse and Nurse Educator Loan Forgiveness Program
Chapter 14 – Rural Iowa Primary Care Loan Repayment Program
Chapter 15 – Health Care Loan Repayment Program
Chapter 20 – Postsecondary Registration (related to for-profit and out-of-state institutions)
Chapter 21 – Student Complaint Procedures
Chapter 25 – Iowa Opportunity Scholarship
Chapter 27 – Future Ready Iowa Skilled Workforce Last-Dollar Scholarship
📎 Reference:
For the most up-to-date list of chapters and detailed rule text, visit the Iowa Legislature's Administrative Code site and search for Agency 283 – College Student Aid Commission.
📘 Structure & Chapters
Per Cornell and Justia, Agency 289 comprises these chapters:
Chapter 1 – Organization & Administrative Procedures
Chapter 2 – Petitions for Rule‑making
Chapter 3 – Declaratory Rulings
Chapter 4 – Agency Procedure for Rule‑making
Chapter 5 – Public Records & Fair Information Practices
Chapter 6 – Duties & Operational Procedures
Chapter 7 – (Reserved)
Chapter 8 – Waivers from Administrative Rules
⚖️ Committee Duties & Operational Procedures (Ch. 6)
Rule 289‑6.10: Covers the SBRC’s role in reviewing AEA (Area Education Agency) special education fund reversions. AEAs with unassigned fund balances exceeding 10% may be required to revert funds to a 10% cap. The SBRC evaluates the department’s recommended reversion amount and advises on final figures
Additional responsibilities (implied by chapter heading):
Oversight of district budget variances (negative unspent balances, special education deficits, etc.)
Approval of Modified Supplemental Amount (MSA) requests (e.g. for increased enrollment, LEP costs)
Conducting hearings for district waiver requests
Handling petitions, declaratory rulings, and public records under Chapters 2–5
🏛️ Role & Significance
The SBRC acts as a state-level oversight body monitoring school district and AEA financial activity. It reviews requests related to:
Budget corrections (e.g., covering local deficits)
Spending waivers from standard budget rules
Fund reversions beyond statutory limits
Through review hearings, formal rulings, and waiver consideration, it ensures fiscal accountability and equitable funding across schools.
🏛️ Structure & Key Chapters
According to the Iowa Legislature’s rules database, Agency 495 currently includes chapters such as:
Chapter 1 – Organization (definitions, board roles, leadership)
Chapter 3 – Benefits Advisory Committee
Chapter 4 – Employers (which employers are covered)
Chapter 12 – Calculation of Monthly Retirement Benefits
Chapter 13 – Disability for Regular and Special‑Service Members
Multiple other chapters cover member benefits, buy‑back/purchase of service credits, and administrative hearings (source PDF was extensive).
📌 Chapter Highlights
⚙️ Chapter 1 – Organization & Definitions
Defines terms central to IPERS, like “Agency,” “Board,” “Chief Benefits Officer,” etc., and outlines the system’s independent executive‑branch structure per Iowa Code chapter 97B
🧑💼 Chapter 3 – Benefits Advisory Committee (BAC)
Sets the role and scope of the BAC—a statutory body under Iowa Code § 97B.8B—tasked with advising on policy, member benefit issues, and serving as a voice for employees and employers
🏢 Chapter 4 – Employers
Specifies which public employers are mandated to participate in IPERS .
📊 Chapter 12 – Retirement Benefit Calculations
Details the formulas used to compute member pensions. This chapter defines how benefits are determined, including multipliers, vesting, and averaging periods
🧩 Chapter 13 – Disability Benefits
Describes benefits for members who qualify for disability under regular or special‑service categories (e.g. law enforcement)
🎯 IPERS Mission & Functions
Administers a defined-benefit pension plan for most Iowa public employees, governed under Iowa Code chapter 97B.
Ensures employer and employee contributions are pooled, invested, and managed by an Investment Board
Offers advisory services through the BAC to guide system policy .
Manages employer obligations, benefit calculations, disability programs, service credit purchases, and financial transparency.
✅ Staying Current
The latest rules are accessible via the official Iowa Administrative Code portal. Publication updates occur quarterly. The Justia summary indicates Chapter 1 is current through March 19, 2025. Rule changes and new chapters can be reviewed there.
Additionally, IPERS publishes a Regulatory Plan and details 2024 rulemaking activity on its official site
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