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AB-592 Public employees’ retirement: contracting agencies.(2017-2018)

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Date Published: 02/14/2017 09:00 PM
AB592:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 592


Introduced by Assembly Member Dahle

February 14, 2017


An act to add Section 20570.5 to the Government Code, relating to public employees’ retirement.


LEGISLATIVE COUNSEL'S DIGEST


AB 592, as introduced, Dahle. Public employees’ retirement: contracting agencies.
Existing law authorizes public agencies to contract with the Board of Administration of the Public Employees’ Retirement System to have their employees become members of the Public Employees’ Retirement System (PERS) and makes an contracting agency that terminates a contract liable to PERS for any deficit in funding for earned benefits, interest, and reasonable and necessary costs of collection.
This bill would authorize a contracting agency to request a calculation of the total costs necessary to terminate its contract with PERS.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 20570.5 is added to the Government Code, to read:

20570.5.
 At any time, a contracting agency may request a calculation of the total costs necessary to terminate its contract with the system.