GOP has ‘no interest’ in IPERS changes — but it should

Regarding the Aug. 17 article “Iowa GOP legislative leaders ‘have no interest’ in changes to IPERS,” I opine IPERS should change to a defined benefit 401(k) type retirement and the GOP should show interest.

Interesting that 10% of Iowans rely on IPERS and most of the cost is paid by the 90% not receiving IPERS. The trust fund currently at $43 billion is 10% underfunded. Who covers that bill? Don’t worry, we’re better than most states (like Illinois) and have ample advocacy for IPERS, accompanied with apocalyptic predictions should it end.

Lacking was a clear explanation of what benefits the 10% of Iowans on IPERS receive. How many of the quoted officials and/or their spouses are recipients of IPERS? Is it true IPERS pays retirees up to 65% of their highest annual salary? The article states IPERS trust fund is 90% funded and also that the program relies on new hires to fund benefits for existing retirees.

Most IPERS-eligible employees are hardworking, doing their best to deliver services to Iowans and deserve opportunity to resource comfortable retirements. It’s not fair that 10% receive fabulous retirement benefits paid by the 90% who don’t receive these same benefits, and bad that government underfunds obligations. Our government should advocate for equal treatment of citizens and low taxation.

DOGE’s recommendation to transition IPERS to a defined benefit 401(k) pension is a responsible change for 100% of Iowans. After all, it’s what 90% have already.

Matt Nilsson

Bettendorf