Bill Text: CA SB1168 | 2021-2022 | Regular Session | Chaptered

California Senate Bill 1168 (Prior Session Legislation)

Bill Title: Public employees’ retirement: beneficiary payment.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2022-08-26 - Chaptered by Secretary of State. Chapter 193, Statutes of 2022. [SB1168 Detail]

Download: California-2021-SB1168-Chaptered.html

Senate Bill No. 1168

CHAPTER 193

An act to amend Section 21620 of the Government Code, relating to public retirement.

[ Approved by Governor August 26, 2022. Filed with Secretary of State August 26, 2022. ]

LEGISLATIVE COUNSEL'S DIGEST

SB 1168, Cortese. Public employees’ retirement: beneficiary payment.

The Public Employees’ Retirement Law (PERL) creates the Public Employees’ Retirement System (PERS) to provide defined benefits to members of the system based on final compensation, credited service, and age at retirement, subject to certain variations. PERS is administered by its board of administration. Existing law, applicable to agencies that contract with PERS to provide benefits to their employees, requires a payment of $500 to be made to a beneficiary upon the death of a member after retirement and while receiving a retirement allowance from PERS, unless otherwise provided.

This bill, for a death occurring on or after July 1, 2023, would increase the amount of the above-described benefit to $2,000.

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

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

SECTION 1.

Section 21620 of the Government Code is amended to read:

21620.

(a) Upon the death of any person, after retirement and while receiving a retirement allowance from this system, there shall be paid to the person’s beneficiary as nominated by written designation duly executed and filed with the board, the sum of five hundred dollars ($500), to be provided from contributions by the state or contracting agency, as the case may be.

(b) Notwithstanding Section 7522.44, the benefit amount authorized in subdivision (a) shall be increased to two thousand dollars ($2,000) for any death occurring on or after July 1, 2023.