Warren T Furutani
- Democratic
Author
The State Teachers' Retirement System provides pension benefits based in part upon credited service. Existing law states that by accepting employment to perform creditable service, a member consents to make contributions for service and compensation. The Teachers' Retirement Law requires the employer to contribute monthly to the system 8% of the creditable compensation upon which members' contributions are based. The Teachers' Retirement Law requires portions of the employer contributions to be deposited in the Teachers' Retirement Fund and the Teachers' Health Benefits Fund. Existing law authorizes a limited amount from the employer contributions to also be deposited into the Teachers' Retirement Program Development Fund. This bill would make that deposit into the Teachers' Retirement Program Development Fund a required deposit.
No votes to display
In committee: Hearing postponed by committee.
From printer. May be heard in committee March 25.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2139 | HTML |
| 02/23/12 - Introduced |
| 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.