Retirement: joint powers authorities.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill modifies how joint powers authorities can offer retirement benefits to their employees. Specifically, it allows the Pajaro Regional Flood Management Agency to provide a defined benefit plan to its employees, mirroring plans offered by member agencies before the joint powers authority was formed. It also clarifies rules for existing joint powers authorities regarding offering benefits to employees who transfer between member agencies within 180 days of employment. The bill aims to ensure consistent retirement benefits for employees across participating agencies while acknowledging the unique circumstances of the Pajaro Regional Flood Management Agency.
Key provisions
- Authorizes the Pajaro Regional Flood Management Agency to offer a defined benefit plan to its employees.
- Allows existing joint powers authorities to provide employees with the defined benefit plan they received from their member agencies prior to the joint powers authority’s formation.
- Establishes a 180-day window for employees to join a new joint powers authority after being hired by a member agency.
- Specifies that new employees and members are still subject to PEPRA requirements.
- Permits joint powers authorities to offer defined benefit plans that conform to PEPRA, even if they weren’t originally part of PEPRA.
- Addresses reciprocity arrangements between public retirement systems.
- Provides a mechanism for counties and trial courts to offer benefits to employees after separating from a joint contract.
- Incorporates amendments from Senate Bill 853, contingent on both bills being enacted.
Bill text
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Sponsors
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1 on record
Primary sponsor
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