Robert M. Hertzberg
- Democratic
Author
The California Public Employees' Pension Reform Act of 2013 (PEPRA) requires a public retirement system, as defined, to modify its plan or plans to comply with the act and, among other provisions, establishes new retirement formulas that may not be exceeded by a public employer offering a defined benefit pension plan for employees first hired on or after January 1, 2013. Existing law, the Joint Exercise of Powers Act, generally authorizes 2 or more public agencies, by agreement, to jointly exercise any common power, which may include hiring employees and establishing retirement systems. This bill would authorize a joint powers authority to offer defined benefit plans or formulas that are not PEPRA plans or formulas provided that the plans or formulas were those the employees received prior to the creation of the authority, the employees are not new members under PEPRA, and they are employed by the authority within 180 days, as specified.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 729, Statutes of 2016.
Enrolled and presented to the Governor at 5 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 74. Noes 1. Page 5922.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 18. Noes 1.) (August 11).
June 29 set for first hearing. Placed on APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 22). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 29. Noes 4. Page 4048.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 0. Page 4006.) (May 27).
Set for hearing May 27.
April 25 hearing: Placed on APPR. suspense file.
Set for hearing April 25.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 3. Noes 0. Page 3497.) (April 11).
Set for hearing April 11.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R.
From printer. May be acted upon on or after March 20.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1203 | HTML |
| 02/18/16 - Introduced | |
| 03/28/16 - Amended Senate | |
| 04/13/16 - Amended Senate | |
| 08/22/16 - Enrolled | |
| 09/27/16 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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