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SB-1062 Retirement systems: employer contributions: notification.(2017-2018)



Current Version: 02/12/18 - Introduced

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SB1062:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill
No. 1062

Introduced by Senator Mendoza

February 12, 2018

An act to add Section 22950.3 to the Education Code, and to add Section 20831.3 to the Government Code, relating to retirement.


LEGISLATIVE COUNSEL'S DIGEST


SB 1062, as introduced, Mendoza. Retirement systems: employer contributions: notification.
Existing law creates the State Teachers’ Retirement System (STRS) and the Public Employees’ Retirement System (PERS), which provide pension and other benefits to their respective members. Both STRS and PERS are funded by employer and employee contributions and investment returns.
This bill would require certain employers that fail to make a required employer contribution to STRS or PERS to notify members of the delinquency within 30 days, as specified.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 22950.3 is added to the Education Code, to read:

22950.3.
 An employer that fails to pay the employer’s contribution required by this part and Section 44987 shall notify the member of the employer’s delinquency, as provided in Section 23002, by mail, to the member’s latest address, within 30 days of the delinquent payment.

SEC. 2.

 Section 20831.3 is added to the Government Code, to read:

20831.3.
 A contracting agency that fails to pay the employer’s contribution required by this chapter within the applicable time limitations shall notify the member of the agency’s delinquency by mail, to the member’s latest address, within 30 days of the delinquent payment.