SB 443
Retirement: joint powers authorities.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill modifies California law to allow joint powers authorities, like the Pajaro Regional Flood Management Agency, to offer defined benefit retirement plans to their employees. Specifically, it authorizes these authorities to provide employees with the retirement plans they previously received from their member agencies, as long as those plans were in place before January 1, 2013, and the employee isn't a new member under PEPRA. The bill also includes provisions to ensure compliance with PEPRA and allows for adjustments to these plans as needed.
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