Mike Davis
- 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, as specified. Existing law provides that the additional employer contributions required to fund this benefit be computed as a level percentage of member compensation, and these are deposited in the Public Employees' Retirement Fund, a continuously appropriated fund. This bill would increase the amount of that payment to $6,163 with respect to those school members. By providing for funds in the Public Employees' Retirement Fund to be spent for a new purpose, and by increasing contributions to that fund, this bill would make an appropriation.
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Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
In committee: Set, first hearing. Hearing canceled at the request of author.
From printer. May be heard in committee March 19.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB617 | HTML |
| 02/16/11 - Introduced |
| Document | Format |
|---|---|
| No related documents. |
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