CA AB2224

Prohibits public retirement systems from allowing purchase of additional service credit on or after January 1, 2013, except for applications received before that date; members must have at least 5 years of service credit before the operative date to be eligible.

Requires public employees hired on or after July 1, 2013, to be offered a hybrid pension plan or alternative option designed to provide 75% replacement income based on 30 years of service for safety employees and 35 years for other employees.

Mandates employees contribute at least 50% of actuarially determined normal costs for defined benefit plans, phased in over three years if necessary, with employers prohibited from paying employee contribution shares.

Requires forfeiture of retirement benefits earned during commission of felonies related to official duties, with return of employee contributions upon distribution events for public employees convicted of state or federal felonies.

Limits employer health insurance contributions for employees hired after January 1, 2013, to the lowest premium formula paid current employees, and requires 15 years of service for state employees to receive any postretirement health benefits, with a graduated contribution scale based on years of service.