AB 2101 Summary

• Increases required minimum distribution age from 70½ to 72 years for PERS supplemental plans, judges' retirement, and county retirement systems to align with federal tax law changes.

• Expands creditable service definitions for teachers to include audiometrists holding state health care registration and allows employer-approved compensated leave taken after January 1, 2016 to count as creditable compensation.

• Modifies sick leave credit calculations by limiting basic sick leave to 12 days per school year per employer and prohibits members from receiving duplicate service credit for the same unused sick leave in multiple retirement systems.

• Changes penalty provisions for retirement system contribution payment failures to treat overpaid penalties and interest as additional contributions deposited to retirement funds.

• Raises age threshold for mandatory retirement benefit distributions and election notifications in county retirement systems from 70½ to 72 years, while authorizing county supervisors to establish parental leave service credit provisions and military service credit for honorably discharged employees.