Bill Text: CA SB1319 | 2015-2016 | Regular Session | Introduced

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Bill Title: Public Employees' Retirement System.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - From committee without further action. [SB1319 Detail]

Download: California-2015-SB1319-Introduced.html

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BILL NUMBER: SB 1319	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Pan

                        FEBRUARY 19, 2016

   An act to amend Section 20460 of the Government Code, relating to
public employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1319, as introduced, Pan. Public Employees' Retirement System.
   Existing law, the Public Employees' Retirement Law (PERL),
establishes the Public Employees' Retirement System (PERS), which
provides a defined benefit to members of the system, based on final
compensation, credited service, and age at retirement, subject to
certain variations. PERL authorizes a public agency to contract to
make its employees members of PERS, but prohibits a public agency
doing so within three years of termination of a previous contract.
   This bill would make technical, nonsubstantive changes in the
provisions regarding public agency participation in PERS by contract,
as described above.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 20460 of the Government Code is amended to
read:
   20460.   Any   A  public agency may
participate in and make all or part of its employees members of this
system by contract entered into between its governing body and the
board pursuant to this part. However, a public agency  may
  shall  not enter into the contract within three
years of termination of a previous contract for participation.