Bill Text: CA SB606 | 2011-2012 | Regular Session | Introduced
Bill Title: Public employees' retirement: benefits.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-31 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB606 Detail]
Download: California-2011-SB606-Introduced.html
BILL NUMBER: SB 606 INTRODUCED BILL TEXT INTRODUCED BY Senator Vargas FEBRUARY 17, 2011 An act to amend Section 20909 of the Government Code, relating to public employees' retirement. LEGISLATIVE COUNSEL'S DIGEST SB 606, as introduced, Vargas. Public employees' retirement: benefits. The Public Employees' Retirement Law calculates service retirement allowances, in part, based on years of credited service. Members of the Public Employees' Retirement System may receive service credit for public service not otherwise subject to credit, upon payment of specified additional contributions. Existing law authorizes specified members of that system, including employees or officers of the state, the university, a school employer, or a contracting agency and certain legislative employees, to elect to make additional contributions and receive up to 5 years of additional retirement service credit, as defined, subject to specified limitations. This bill would make a technical, nonsubstantive change to that provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 20909 of the Government Code is amended to read: 20909. (a) A member who has at least five years of credited state service, may elect, by written notice filed with the board, to make contributions pursuant to this section and receive not less than one year, nor more than five years, in one-year increments, of additional retirement service credit in the retirement system. (b) A member may elect to receive this additional retirement service credit at any time prior to retirement by making the contributions as specified in Sections 21050 and 21052. A member may not elect additional retirement service credit under this section more than once. (c) For purposes of this section, "additional retirement service credit" means time that does not qualify as public service, military service, leave of absence, or any other time recognized for service credit by the retirement system. (d) Additional retirement service credit elected pursuant to this section may not be counted to meet the minimum qualifications for service or disability retirement or for health care benefits, or any other benefits based upon years of service credited to the member. (e) This sectiononly appliesshall only apply to the following members: (1) A member while he or she is employed in state service at the time of the additional retirement service credit election. (2) A member of the system defined in Section 20324. (f) For purposes of this section, "state service" means service as defined in Section 20069.