Bill Text: CA SB1062 | 2017-2018 | Regular Session | Introduced
Bill Title: Retirement systems: employer contributions: notification.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-02-13 - From printer. May be acted upon on or after March 15. [SB1062 Detail]
Download: California-2017-SB1062-Introduced.html
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
Senate Bill | No. 1062 |
Introduced by Senator Mendoza |
February 12, 2018 |
An act to add Section 22950.3 to the Education Code, and to add Section 20831.3 to the Government Code, relating to retirement.
LEGISLATIVE COUNSEL'S DIGEST
SB 1062, as introduced, Mendoza.
Retirement systems: employer contributions: notification.
Existing law creates the State Teachers’ Retirement System (STRS) and the Public Employees’ Retirement System (PERS), which provide pension and other benefits to their respective members. Both STRS and PERS are funded by employer and employee contributions and investment returns.
This bill would require certain employers that fail to make a required employer contribution to STRS or PERS to notify members of the delinquency within 30 days, as specified.