CA SB111

Appropriates $2,246,000,000 from the General Fund for 2018–19 fiscal year to Teachers' Retirement Fund, increasing employer contribution reductions for 2020–21 from 0.70 to 2.95 percentage points and authorizing additional 2.18 percentage point reduction for 2021–22 fiscal year.

Modifies Public Employees' Retirement System (PERS) school employer payments by increasing advance contributions for 2020–21 from $100,000,000 to $430,000,000 and authorizing $330,000,000 for 2021–22, while repealing $660,000,000 allocation for unfunded liabilities.

Implements Personal Leave Program 2020 (PLP 2020) for July 1, 2020 to June 30, 2021, requiring state employees to receive up to 10% pay reduction in exchange for up to 16 hours of monthly leave credits.

Requires furlough of 2 workdays per calendar month for state employees not subject to PLP 2020 during the same period, with specified exemptions.

Makes State Compensation Insurance Fund employees and California Highway Patrol rank-and-file members subject to all compensation reductions imposed on other state employees during fiscal year 2020–21.