Mike Gatto
- Democratic
Author
The Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System (PERS) , which provides a defined benefit to its employees based on age at retirement, service credit, and final or highest compensation paid to the employee. In the case of an employee who has been employed by one or more contracting public agencies, retirement benefits distributed to that employee is the obligation of all of contracting public agency employers and is prorated to each of the contracting public agencies based upon the number of years that the employee worked for each of those agencies. This bill would provide that the obligations for retirement benefits that are attributable to excess compensation earned by a nonrepresented employee who was employed by one or more public agencies shall be the sole obligation of the subsequent contracting agency that paid the excess compensation. This bill would define "excess compensation" as the final compensation of an employee of a contracting agency who previously worked for another contracting agency to the extent the final compensation received from the current contracting agency is in excess of 15% of the salary paid by the prior contracting agency, as adjusted for actuarial increases in that salary.
From Senate committee without further action.
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(c).
Read second time. To third reading.
Read third time, amended. To second reading.
Read second time. To third reading.
From inactive file.
To second reading.
To inactive file on motion of Senator Ducheny.
Read second time. To third reading.
Withdrawn from committee. Ordered placed on second reading file.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 51. Noes 0. Page 1227.)
Read second time. To third reading.
Withdrawn from committee. Ordered placed on second reading file.
From printer. May be heard in committee March 5.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB192 | HTML |
| 02/02/09 - Introduced | |
| 08/20/10 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.