Tony Mendoza
- Democratic
Author
The Public Employees' Retirement Law requires that, upon the death of any state or school member after retirement and while receiving a retirement allowance, the sum of $2,000 be paid to the member's designated beneficiary, except as specified. Existing law requires, when a school employer elects by contract, that the amount paid to the beneficiary be $3,000, $4,000, or $5,000, whichever amount is designated in its contract. This bill would require that the amount paid be $4,000 for a death occurring from January 1, 2013, to December 31, 2013, inclusive, and would increase that amount each year by $500 until April 1, 2017, at which point the amount would be $6,000, and would be adjusted annually, as specified. Until January 1, 2015, when the amount would reach $5,000, the bill would instead allow a school employer to elect by contract to pay the beneficiary $5,000.
In committee: Set, second hearing. Held under submission.
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (April 26). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E., R. & S.S. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E., R. & S.S. Read second time and amended.
Read first time.
From printer. May be heard in committee March 27.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2606 | HTML |
| 02/24/12 - Introduced | |
| 03/29/12 - Amended Assembly | |
| 04/17/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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