News
Citizen Board Appointment
MFPRSI is accepting applications for the position of citizen representative on its Board of Trustees. The term for MFPRSI's citizen representative trustee will expire on April 30, 2026. Individuals interested in this position may submit a letter of qualification to our office by Monday, June 12, 2023. The Trustees will discuss all candidates at its meeting on June 22, 2023.
Please send letters of qualification to one of the following addresses:
Mail:
Municipal Fire and Police Retirement System of ...
Board May Flash
A flash report for the May 11, 2023, Board of Trustee meeting is now available. The flash report provides a brief summary of both the topics discussed and motions passed at the May board meeting. 
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April Board Minutes
Minutes for the April 6, 2023, 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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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 ...
2023 Iowa Tax Withholding Update
Effective beginning with the January 2023 benefit payments, MFPRSI will stop withholding Iowa income tax for beneficiaries exempt from withholding under the Iowa income exclusion law.
On December 5, 2022, the Iowa Department of Revenue released updated Iowa income tax withholding guidance for House File (HF) 2317. The Iowa General Assembly ratified, and Governor Kim Reynolds signed, HF 2317 on March 1, 2022. HF 2317 excludes most retirement income from state taxable income for eligible taxpayers for tax years beginning ...