Today's Law As Amended

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SCA-10 Public employee retirement benefits.(2017-2018)

As Amends the Law Today

That Section 17.3 is added to Article XVI thereof, to read:

SEC. 17.3.
 (a) A government employer shall not provide public employees any retirement benefit increase until that increase is approved by a two-thirds vote of the electorate of the applicable jurisdiction and the vote has been certified.
(b) For purposes of this section:
(1) “Benefit increase” means any change that increases the value of an employee’s retirement benefit, including, but not limited to, increasing a benefit formula, increasing the rate of cost-of-living adjustments, expanding the categories of pay included in pension calculations, reducing a vesting period, lowering the eligible retirement age, or otherwise providing a new economic advantage for the government employee.
(2) “Government employer” means the state, or a political subdivision of the state, including, but not limited to, counties, cities, charter counties, charter cities, a charter city and county, school districts, special districts, boards, commissions, the Regents of the University of California, the California State University, and agencies thereof.
(3) “Retirement benefit” means any post employment benefit, including, but not limited to, a benefit provided through a defined benefit pension plan, defined contribution plan, retiree health care plan, or any form of deferred compensation offered by government employers.