Steve Padilla
- Democratic
- Senator
- District 18
Author
The California Public Employees' Pension Reform Act of 2013 (PEPRA) generally requires a public retirement system, as defined, to modify its pension plan or plans to comply with the act and, among other things, requires a public employer that offers a defined benefit pension plan to provide specified retirement formulas for new members, as defined. PEPRA permits a public employer to adopt a new defined benefit formula, on or after January 1, 2013, that is not consistent with PEPRA, if that formula is determined and certified by the chief actuary and the board of that employer's retirement system to not have a greater risk or greater cost to the sponsoring employer than the defined benefit formula required by PEPRA and the plan is approved by the Legislature. This bill would approve a specified defined benefit formula applicable to employees of the San Diego Unified Port District. This bill would declare that it is to take effect immediately as an urgency statute.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 126, Statutes of 2024.
Enrolled and presented to the Governor at 3 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Urgency clause adopted. Passed. (Ayes 75. Noes 0. Page 6036.) Ordered to the Senate.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0.) (June 19).
In Assembly. Read first time. Held at Desk.
Read third time. Urgency clause adopted. Passed. (Ayes 36. Noes 0. Page 4187.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Ordered to second reading.
Read third time and amended.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 5. Noes 0. Page 3662.) (April 17).
Set for hearing April 17.
From printer. May be acted upon on or after February 23.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB962 | HTML |
| 01/23/24 - Introduced | |
| 04/18/24 - Amended Senate | |
| 05/20/24 - Amended Senate | |
| 06/28/24 - Enrolled | |
| 07/15/24 - Chaptered |
| Document | Format |
|---|---|
| 04/16/24- Senate Committee on Labor, Public Employment and Retirement | |
| 04/19/24- Sen. Floor Analyses | |
| 05/21/24- Sen. Floor Analyses | |
| 06/17/24- Assembly Committee on Public Employment and Retirement |
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