CA SB1343

Requires charter schools initially authorized to commence operations on or after January 1, 2025, to participate in the State Teachers' Retirement System (STRS) or Public Employees' Retirement System (PERS), or both.

Exempts existing charter schools from mandatory participation if they initially received authorization before January 1, 2025, and have continuously operated since that authorization.

Requires chartering authorities to notify STRS or PERS within 30 calendar days of specified events, including charter approval, renewal decisions, revocation, or cessation of operations.

Establishes procedures for county superintendents, district superintendents, or other employing agencies to draw requisitions against charter school funds for retirement contributions, limited to an estimated three months of contributions.

Requires employers to use unencumbered funds to pay any unpaid amounts due to retirement systems on behalf of charter schools.