News
January Minutes
Minutes for the January 9, 2025, 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
1099-R Box 5 Guidance
Each January MFPRSI sends 1099-R forms to its members and beneficiaries receiving taxable benefits. This form is used to report distributions from MFPRSI and it displays several pieces of useful information for reporting personal annual taxes to the IRS and state government.
The 1099-R form may include an amount in Box 5. The heading of Box 5 states, “Employee contributions/Designated Roth contrib. or insurance premiums.” For MFPRSI purposes, however, Box 5 represents the member’s/beneficiary’s after-tax contributions recovered tax free for …
2024 Annual Report
MFPRSI's 2024 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 2024 Annual Report to view the document.
2024 Audit Report
Municipal Fire and Police Retirement System of Iowa’s 2024 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.
City Mental Health Evaluation Memo
This memo is a notification of the permanent pre-employment mental health evaluation medical protocols, effective January 1, 2025, established by the Board of Trustees at its October 3, 2024, Board meeting.
City Mental Health Evaluation Memo
Pre-Employment Mental Health Evaluation
On May 3, 2024, Governor Reynolds signed into law HF 2680 effective July 1, 2024. In addition to changes to the disability program, HF 2680 requires MFPRSI to establish a pre-employment mental health evaluation for covered members. Below is a memo outlining interim standards adopted by the Board of Trustees at its June 20, 2024, meeting.