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CA SB1479
Bill
AI Summary
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Extends the timeline for county employees to become retirement association members from 6 weeks to 12 weeks after entering county employment, and allows service termination credit to be recorded no earlier than 12 weeks prior to actual termination.
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Removes the authorization for retirement boards to exclude employees whose monthly compensation is less than $80 from retirement membership.
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Authorizes districts subject to Section 31585 in seventh-class counties to make advance payments of estimated annual contributions to retirement funds within 30 days of fiscal year commencement, with monthly adjustments until the estimated amount is reached.
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Requires fourth-class counties to transfer funds annually from their administrative budget to cover administrative costs of programs funded by the Supplemental Retiree Benefits Reserve.
Legislative Description
Public employment: retirement benefits: administration.
Last Action
Chaptered by Secretary of State. Chapter 158, Statutes of 2010.
8/18/2010