SB 993 Summary

• Removes requirement that election forms for continued STRS coverage be filed with other public retirement systems; instead requires employers to retain copies of signed election forms.

• Redefines creditable service for audiometrists to include those holding a State Department of Health Care Services certificate of registration, in addition to those with Commission on Teacher Credentialing certifications.

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

• Changes termination benefit payment timeline from 6 calendar months to 180 calendar days following employment termination for both the Defined Benefit Supplement Program and Cash Balance Benefit Program.

• Requires penalties and interest overpaid to STRS to be treated as additional contributions deposited to the Teachers' Retirement Fund and handled like other contributions.