Bill > SB853

This bill makes several technical amendments to public employee retirement systems in California, primarily focusing on the State Teachers' Retirement System (STRS) and the Public Employees' Retirement System (PERS). The bill provides the Teachers' Retirement Board with final authority for determining what constitutes an "employer" and "membership" in STRS, modifies rules for part-time employees reducing their workload by changing the criteria for terminating workload reduction agreements from days worked to earnings, and adjusts the timing of certain fund transfers to ensure they occur on the next business day if the scheduled date falls on a weekend or holiday. The bill also updates various provisions related to compensation calculation, retirement benefits, and employment rules for retired members across different public retirement systems. These changes aim to clarify existing laws, standardize administrative processes, and ensure consistent application of retirement system rules, with particular attention to provisions introduced by the California Public Employees' Pension Reform Act of 2013. The amendments affect multiple sections of the Education and Government Codes and apply to various public employers and retirement systems, including school districts, county offices, and state agencies.

Budget and Finance, Justice, Labor and Employment

Labor, Public Employment and Retirement (Senate)

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB853