- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Sep 28, 2014
What it does
Federal tax law regulates pension plans generally and regulates public pension plans specifically based on their status as governmental plans, as defined. In this regard, among other things, federal law requires that accrued member retirement benefits be nonforfeitable, as specified, establishes conditions for the distribution of funds to members from a retirement system, prescribes requirements for the vesting of benefits, and limits the application of pension funds for medical benefits.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Committee on Public Employees, Retirement and Social Security
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.