Jim Cooper
- Democratic
Author
The Public Employees' Retirement Law, until January 1, 2023, provides a state safety member of the Public Employees' Retirement System who retires for industrial disability a retirement benefit equal to the greatest amount resulting from 3 possible calculations. In this regard, the benefit amount is based on an actuarially reduced service retirement, a service retirement allowance, if the member is qualified, or 50% of the member's final compensation, plus an annuity purchased with their accumulated contributions, if any. Existing law establishes the Public Employees' Retirement Fund, which is a trust fund that is appropriated continuously for various purposes, including the payment of benefits. This bill would delete the termination of these provisions on January 1, 2023, thereby making them operative in perpetuity. By providing that a continuously appropriated fund may be spent for a new purpose, this bill would make an appropriation. The bill also would make nonsubstantive style changes.
Chaptered by Secretary of State - Chapter 404, Statutes of 2022.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4976.).
Ordered to special consent calendar.
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
Read second time. Ordered to third reading.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 29). Re-referred to Com. on APPR.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4960.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 16. Noes 0.) (May 19).
In committee: Set, first hearing. Referred to suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (March 16). Re-referred to Com. on APPR.
From printer. May be heard in committee February 27.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1722 | HTML |
| 01/27/22 - Introduced | |
| 08/25/22 - Enrolled | |
| 09/18/22 - Chaptered |
| Document | Format |
|---|---|
| 03/14/22- Assembly Committee on Public Employment and Retirement | |
| 04/04/22- Assembly Appropriations | |
| 05/20/22- ASSEMBLY FLOOR ANALYSIS | |
| 06/27/22- Senate Committee on Labor, Public Employment and Retirement | |
| 07/29/22- Senate Appropriations | |
| 08/13/22- Sen. Floor Analyses |
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