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Public Employees' Retirement System: contracting agencies: consolidation.

It became law on Sep 28, 2024.

CA SB 1240 · Senate Bill · 2023–2024

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Sep 28, 2024

What it does

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 any public agency to make its employees members of PERS by contract. Under existing law, when a contracting agency is succeeded by another agency, the successor agency may become a contracting agency of PERS. Existing law provides that if the successor agency contracts with PERS, the contract of the former agency shall merge with the contract of the succeeding agency. Existing law authorizes…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 28, 2024

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Public Employees' Retirement System: contracting agencies: consolidation. | 52