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CA AB1639

Bill

Official Source

Status

Introduced

2/13/2012

Primary Sponsor

Jerry Hill

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

AB 1639 Summary

  • Applies to persons who first become members of a public retirement system on or after January 1, 2013
  • Limits the maximum salary, compensation, or payrate counted for retirement benefits to the amount permitted under Section 401(a)(17) of the Internal Revenue Code
  • Prohibits public employers from making retirement plan contributions based on any compensation that exceeds the federal limit specified in Section 401(a)(17) of the Internal Revenue Code
  • Applies to the Public Employees' Retirement System, State Teachers' Retirement System, Judges' Retirement System II, Legislators' Retirement System, and county retirement systems established under the County Employees Retirement Law of 1937

Legislative Description

Retirement: public employees.

Last Action

From committee: That the measure be retained in committee, and that the subject matter be referred to the Committee on Rules for assignment to the proper committee for study. (Ayes 4. Noes 2.) (April 26).

4/26/2012

Committee Referrals

Public Employees, Retirement and Social Security2/23/2012

Full Bill Text

No bill text available