Public Employees' Retirement Fund: state employer contributions: supplemental payment.
It became law on Jul 10, 2017.
- Stage
- Became law
- Started in
- Senate
- Sponsor
- Committee on Budget and Fiscal Review
- Latest action
- Jul 10, 2017
What it does
(1) The Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System (PERS) for the purpose of providing pension and benefits to state employees and employees of contracting agencies and prescribes the rights and duties of employers participating in the system. Under PERL, benefits are funded by employer and employee contributions and investment income, which are deposited into the Public Employees' Retirement Fund, a continuously appropriated trust fund administered exclusively by the system's board of administration. PERL prescribes methods for the calculation and payment of the state employer contribution for its employees who are PERS members. PERL provides…
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 Budget and Fiscal Review
In the news
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Where it goes next
It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.