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AB-596 Retirement: service credits.(1999-2000)

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AB596:v93#DOCUMENT

Assembly Bill No. 596
CHAPTER 834

An act to add Section 21023.5 to the Government Code, relating to retirement.

[ Filed with Secretary of State  October 10, 1999. Approved by Governor  October 08, 1999. ]

LEGISLATIVE COUNSEL'S DIGEST


AB 596, Honda. Retirement: service credits.
Under existing law, members of the Public Employees’ Retirement System may purchase additional service credit for specified types of service that are not otherwise eligible for service credit, as specified.
This bill would authorize those members to purchase additional service credit for up to 3 years of service as a volunteer in the Peace Corps or AmeriCorps: Volunteers In Service To America, as specified.

The people of the State of California do enact as follows:


SECTION 1.

 Section 21023.5 is added to the Government Code, to read:

21023.5.
 (a) “Public service” for purposes of this article also means time served, not to exceed three years, as a volunteer in the Peace Corps or AmeriCorps: Volunteers In Service To America.
(b) This section shall not apply to any contracting agency nor to the employees of any contracting agency until the agency elects to be subject to this section by contract or by amendment to its contract made in the manner prescribed for approval of contracts.
(c) Any member electing to receive credit for service under this section shall pay all reasonable administrative costs and contributions, sufficient to cover the total employer and employee cost plus interest, at rates to be determined by the board. This section applies to past and future service in the Peace Corps or AmeriCorps: Volunteers In Service To America.