CA AB1824

Revises trustee service definition for STRS Cash Balance Benefit Program to reference Section 26144.5, and excludes retired member and participant activities from the requirement to terminate creditable service before retirement.

Allows corporations, trusts, charitable organizations, parochial institutions, and public entities to be designated as beneficiaries for lump-sum death benefits under STRS Cash Balance Benefit Program, except trusts cannot be annuity beneficiaries except as defined in Section 26106.5.

Changes PERS penalty distribution for disallowed compensation cases from 90% to retired member and 10% to PERS, to instead require 100% payment to the affected retired member, survivor, or beneficiary.

Includes corporations, trusts, and estates in the definition of "beneficiary" under County Employees Retirement Law for payment of earned but unpaid retirement allowances upon death.

Permits county retirement safety members to file retirement applications effective between the filing date and up to 60 days after filing, or longer if board-approved; requires death benefit compensation calculations for absences to use the compensation rate from the position held at the beginning of the absence.