Bill Text: CA AB2142 | 2009-2010 | Regular Session | Introduced

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Bill Title: State Teachers' Retirement System: service credit.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2010-02-19 - From printer. May be heard in committee March 21. [AB2142 Detail]

Download: California-2009-AB2142-Introduced.html

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BILL NUMBER: AB 2142	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gilmore

                        FEBRUARY 18, 2010

   An act to amend Section 22703 of the Education Code, relating to
the State Teachers' Retirement System.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2142, as introduced, Gilmore. State Teachers' Retirement
System: service credit.
   The State Teacher's Retirement Law credits service performed by a
member within the scheduled school year to the Defined Benefit
Program under the State Teachers' Retirement System. That law
generally provides that any additional service performed by a member
in excess of the service scheduled for a school year is credited to
the Defined Benefit Supplement Program under that system.
   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 22703 of the Education Code is amended to read:

   22703.  (a) Service shall be credited to the Defined Benefit
Program, except as provided in subdivision (b).
   (b) A member's creditable service that exceeds 1.000 in a school
year shall not be credited to the Defined Benefit Program. Commencing
July 1, 2002, contributions by the employer and the member that are
deposited in the Teachers' Retirement Fund for creditable
compensation paid to the member for service that exceeds 1.000 in a
school year, exclusive of contributions pursuant to Section 22951,
shall be credited to the Defined Benefit Supplement Program.
   (c) In lieu of any other benefits provided by this part, any
member who performed service prior to July 1, 1956, shall receive
retirement benefits for that service at least equal to the  same
 benefits that the member would have received for that service
under the provisions of this part as they existed on June 30, 1956.
This subdivision shall not apply to service that is credited in the
San Francisco Employees' Retirement System.
   (d) The amendments to this section made during the second year of
the 1999-2000 Regular Session shall become operative on July 1, 2002,
if the revenue limit cost-of-living adjustment computed by the
Superintendent of Public Instruction for the 2001-02 fiscal year is
equal to or greater than 3.5 percent. Otherwise the amendments to
this section made during the second year of the 1999-2000 Regular
Session shall become operative on July 1, 2003.