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SB-1319 Public Employees’ Retirement System.(2015-2016)

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CALIFORNIA LEGISLATURE— 2015–2016 REGULAR SESSION

Senate Bill
No. 1319

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   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.