Amended
IN
Assembly
June 17, 2010 |
Amended
IN
Assembly
June 10, 2010 |
Amended
IN
Senate
May 28, 2009 |
Amended
IN
Senate
May 06, 2009 |
Amended
IN
Senate
April 21, 2009 |
Introduced by
Senator
Correa |
February 27, 2009 |
The Public Employees’ Retirement Law (PERL) provides a comprehensive set of rights and benefits for various employees of the state and local agencies. That law also establishes the Public Employees’ Retirement System (PERS) and sets forth the provisions for the delivery of benefits, including retirement benefits to its members. Under that law, the retirement benefits of a retirement system member are based, in part, on the completed service credit and compensation received by that member. Existing law specifies the components that constitute a member’s service retirement allowance.
This bill would make technical, nonsubstantive changes to that provision.
Upon retirement for service, a member is entitled to receive a service retirement allowance that shall consist of:
(a)The member’s service retirement annuity, including, with respect to patrol members and solely in respect to the portion of the annuity derived from the normal accumulated contributions of those members, respectively, automatic continuance to a surviving spouse, or if there is no spouse at retirement, to surviving children, or if there are no eligible surviving children at retirement, to surviving
dependent parents as provided in this article.
(b)The member’s current service pension.
(c)The member’s prior service pension.