Bill Text: CA AB592 | 2017-2018 | Regular Session | Introduced

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Bill Title: Public employees’ retirement: contracting agencies.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2018-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB592 Detail]

Download: California-2017-AB592-Introduced.html

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CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill

No. 592

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Introduced by Assembly Member Dahle

February 14, 2017

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An act to add Section 20570.5 to the Government Code, relating to public employees’ retirement.

LEGISLATIVE COUNSEL'S DIGEST

AB 592, as introduced, Dahle. Public employees’ retirement: contracting agencies.

Existing law authorizes public agencies to contract with the Board of Administration of the Public Employees’ Retirement System to have their employees become members of the Public Employees’ Retirement System (PERS) and makes an contracting agency that terminates a contract liable to PERS for any deficit in funding for earned benefits, interest, and reasonable and necessary costs of collection.

This bill would authorize a contracting agency to request a calculation of the total costs necessary to terminate its contract with PERS.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 20570.5 is added to the Government Code, to read:

20570.5.

 At any time, a contracting agency may request a calculation of the total costs necessary to terminate its contract with the system.