SB 1433

  • California Senate Bill
  • 2017-2018 Regular Session
  • Introduced in Senate Feb 16, 2018
  • Senate
  • Assembly
  • Governor

County employees' retirement: Deferred Retirement Option Program.

Abstract

The County Employees Retirement Law of 1937 (CERL) authorizes counties to establish retirement systems pursuant to its provisions for the purpose of providing pension and death benefits to county and district employees. Existing law creates the Deferred Retirement Option Program within CERL to provide eligible members who elect to participate in the program access to a lump sum or monthly payments for a specified period in addition to a monthly retirement allowance. This bill, on and after January 1, 2019, would prohibit a county or district from allowing a member to participate in a Deferred Retirement Option Program who was not participating in the program on or before December 31, 2018. The bill would also prohibit a county or district from establishing a new or additional Deferred Retirement Option Program.

Bill Sponsors (1)

Votes


Actions


Apr 24, 2018

Senate

April 23 set for first hearing. Failed passage in committee. (Ayes 1. Noes 3. Page 4789.) Reconsideration granted.

Apr 11, 2018

Senate

Set for hearing April 23.

Apr 04, 2018

Senate

Re-referred to Com. on P.E. & R.

  • Referral-Committee
Com. on P.E. & R.

Apr 02, 2018

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  • Reading-2
  • Referral-Committee
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on RLS.

Mar 08, 2018

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Feb 20, 2018

Senate

From printer. May be acted upon on or after March 22.

Feb 16, 2018

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB1433 HTML
02/16/18 - Introduced PDF
04/02/18 - Amended Senate PDF

Related Documents

Document Format
No related documents.

Sources

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.