Loading chat...

CA SB1168

Bill

Official Source

Status

Passed

8/26/2022

Primary Sponsor

Dave Cortese

Click for details

Origin

Senate

2021-2022 Session

AI Summary

  • Increases the beneficiary death benefit from $500 to $2,000 for Public Employees' Retirement System (PERS) members who die after retirement while receiving a retirement allowance
  • Effective date is July 1, 2023 for all deaths occurring on or after that date
  • Benefit is paid to the beneficiary nominated by the deceased member through written designation filed with the PERS board
  • Applies to all contracting agencies and their employees participating in PERS
  • Funding for the increased benefit comes from contributions by the state or contracting agency

Legislative Description

Public employees’ retirement: beneficiary payment.

Last Action

Chaptered by Secretary of State. Chapter 193, Statutes of 2022.

8/26/2022

Committee Referrals

Appropriations6/22/2022
Public Employment and Retirement5/12/2022
Appropriations4/19/2022
Labor, Public Employment and Retirement3/2/2022
Rules2/17/2022

Full Bill Text

No bill text available