CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION
| Introduced by Committee on Public Employment and Retirement (Assembly Members Cooper (Chair), Voepel (Vice Chair), Calderon, Cooley, O’Donnell, and Seyarto) |
| February 07, 2022 |
An act to amend Sections 24602, 26113, 26803, 27100, and 27201 of, and to add Section 27100.5 to, the Education Code, and to amend Sections 21400, 31452.7, 31641.4, 31663.25, 31663.26, 31726, 31726.5, 31761, 31762, 31763, 31764, and 31781 of the Government Code, relating to public employees’ retirement, and making an appropriation therefor.
AB 1824, as introduced, Committee on Public Employment and Retirement. Public employees’ retirement.
Existing law, the Teachers’ Retirement Law (TRL), establishes the State Teachers’ Retirement System (STRS) and creates the Defined Benefit Program of the State Teachers’ Retirement Plan, which provides a defined benefit to members of the program, based on final compensation, creditable service, and age at retirement, subject to certain variations. STRS is administered by the Teachers’ Retirement Board. Existing law creates the Cash Balance Benefit Program, which is administered by the board, to provide a retirement plan for the benefit of participating employees who provide creditable service for less than 50% of full time.
The TRL defines “creditable service” in connection with the Cash Balance Benefit Program with reference to specified activities performed for certain employers,...
The US Justice Department properly intervened and sought dismissal in a whistleblower’s False Claims Act suit alleging fraud under a child detainee services contract for US Customs and Border Prot...