summary
Introduced
03/04/2025
03/04/2025
In Committee
05/19/2025
05/19/2025
Crossed Over
05/01/2025
05/01/2025
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
An act to amend Sections 22104.8, 22131, 22146.5, 22713, 22954, 22955, 22955.1, 24616.2, and 26122 of the Education Code, and to amend Sections 7522.02, 20034, 20069, 20638, 20639, 31462.05, 31470.14, and 31680.9 of the Government Code, relating to public retirement systems.
AI Summary
This bill primarily makes technical and administrative changes to various public employee retirement systems in California, with a focus on the State Teachers' Retirement System (STRS) and the Public Employees' Retirement System (PERS). The bill gives the Teachers' Retirement Board final authority in determining employer definitions and membership classifications for STRS. It modifies provisions related to workload reduction for educators, changing the criteria for terminating workload reduction agreements from days worked to earnings percentage. The bill also updates procedures for fund transfers, specifying that if transfer dates fall on weekends or holidays, funds will be transferred the next business day. Additionally, the bill makes several technical adjustments to how compensation is calculated for retirement purposes, particularly for employees transitioning between different public retirement systems. It clarifies how overpayments will be recovered and modifies reporting requirements for retired employees who are rehired. The changes aim to provide more precise administrative guidelines and ensure consistency across different public retirement systems, with many modifications relating to the California Public Employees' Pension Reform Act of 2013 (PEPRA).
Committee Categories
Budget and Finance, Justice, Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Labor, Public Employment and Retirement (S)
Last Action
Referred to Com. on P. E. & R. (on 05/19/2025)
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