News
May Minutes
Minutes for the May 9, 2024, Board of Trustee meeting have been ratified by the Board and are now available. Please select the link below to view minutes for meetings that have occurred over the past twelve months.
Board of Trustee meeting minutes
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Spring Newsletter
MFPRSI Update is published twice each year by the Municipal Fire and Police Retirement System of Iowa and is a newsletter for its membership. Volume 60 was published in May 2024 and covers a variety of topics including June Anne Gaeta's retirement from the Board of Trustees; a summary of the 2024 legislative changes, 2024 board appointments; and, more!
Click here to view on our Publications page.
2024 Legislative Update
The Iowa General Assembly passed legislation modifying Iowa Code Chapter 411. The new law makes multiple changes to the disability program, including a change to the active member contribution rate. House File 2680 (HF 2680) was signed into law by the governor on May 3, 2024, and will become effective July 1, 2024. Some of the major changes are outlined below:
Member Contribution Rate: The member’s contribution rate increases from 9.4% to 9.55%.
Mental Health Evaluations: Mental health evaluations will …
2023 Annual Report
MFPRSI's 2023 Annual Report has been posted to the website and is now available. Please select the link below and click on "Download PDF" next to the 2023 Annual Report to view the document.
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2023 Audit Report
Municipal Fire and Police Retirement System of Iowa’s 2023 Audit Report is now available. The report is comprised of the statements of fiduciary net position, the statements of changes in fiduciary net position for the two most recently completed fiscal years. The related notes to the financial statements are also included in this report.
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1099-R Box 5 Guidance
Every year in January MFPRSI sends 1099-R forms to its members receiving taxable benefits. This form is used to report distributions from MFPRSI, a retirement plan, to its members. The form will display several pieces of information that are useful (e.g., gross amount paid by the retirement plan, taxable amount distributed by the retirement plan, federal and state taxes withheld, etc.) for reporting personal annual taxes to the IRS and state government.
Each individual receiving a taxable benefit from MFPRSI …