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CA AB2770

Bill

Status

Passed

7/15/2024

Primary Sponsor

Public Employment and Retirement

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Revises interest calculations for STRS members purchasing additional service credit and redepositing accumulated retirement contributions, with interest accruing from date of refund to date STRS receives the request rather than date of payment.

  • Requires members to sign and return completed statements of contributions and elections to redeposit within 35 calendar days from date of offer for both service credit purchases and contribution repayments.

  • Extends the repeal date for post-traumatic stress disorder presumption provisions in the County Employees Retirement Law from January 1, 2025 to January 1, 2029.

  • Removes return receipt requirements for registered or certified letters sent by retirement boards to members regarding accumulated contributions and benefit payments.

  • Makes technical amendments to the Judges' Retirement Law provisions regarding optional settlement elections and survivor benefits for judges retiring on or after January 1, 2018.

Legislative Description

Public employees’ retirement.

Last Action

Chaptered by Secretary of State - Chapter 117, Statutes of 2024.

7/15/2024

Committee Referrals

Appropriations6/5/2024
Labor, Public Employment and Retirement5/8/2024
Rules4/25/2024
Appropriations4/3/2024
Public Employment and Retirement3/4/2024

Full Bill Text

No bill text available