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CA AB1819
Bill
Status
5/29/2012
Primary Sponsor
Tom Ammiano
Click for details
AI Summary
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Charter schools must make the State Teachers' Retirement Plan available to all employees, with coverage under either the Defined Benefit Program or Cash Balance Benefit Program.
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Charter schools must offer Public Employees' Retirement System (PERS) coverage to employees and inform job applicants of available retirement system options.
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County superintendents must notify the Public Employees' Retirement System board before charter schools or their employees can enroll in PERS, and the board may deny participation if it would jeopardize the system's tax-qualified status under federal law.
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All provisions of the State Teachers' Retirement Plan and PERS shall apply to charter school employees in the same manner as they apply to employees of the school district that granted the charter.
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These requirements do not apply if they would cause adverse tax consequences under the Internal Revenue Code for either retirement system or their members.
Legislative Description
Charter schools: State Teachers' Retirement Plan.
Last Action
In committee: Held under submission.
8/16/2012