State Teachers’ Retirement System: community colleges: part-time faculty.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires the California Community Colleges system and its districts to provide more information to temporary employees about their retirement options. Specifically, it directs the Chancellor’s Office and the State Teachers’ Retirement System (STRS) and Public Employees’ Retirement System (PERS) to create and post informational materials online outlining the differences between various retirement plans, including the Defined Benefit Program, Cash Balance Benefit Program, and Social Security. It also mandates that community college districts provide this information to newly hired temporary employees.
Key provisions
- Requires the Chancellor’s Office to collaborate with STRS and PERS to develop informational materials on retirement options.
- Directs STRS and PERS to post these materials on their websites by July 1, 2027.
- Mandates community college districts to provide the informational materials to newly hired temporary employees starting July 1, 2027.
- Requires temporary employees performing creditable service to be offered the option of membership in the Defined Benefit Program, Cash Balance Benefit Program, or Social Security.
- Defines key terms related to retirement plans, such as ‘Defined Benefit Program,’ ‘Cash Balance Benefit Program,’ and ‘Creditable service.’
- Specifies that community colleges can offer alternative retirement options.
- Provides for state reimbursement for any costs associated with the bill's mandates.
Who is affected
Bill text
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