Bill > SB127

This bill amends existing law to clarify who pays the actuarial costs associated with including unused annual leave in a retiring teacher's pension benefits from the Teachers' Retirement System (TRS). Specifically, the state will cover the actuarial costs for annual leave accrued up to July 31, 2026, while the teacher's last employer will be responsible for the costs of annual leave accrued on or after August 1, 2026. This change aims to define payment obligations for these retirement benefit calculations, ensuring a clear division of financial responsibility for accrued annual leave.