California 2009 2009-2010 Regular Session

California Assembly Bill AB1856 Introduced / Bill

Filed 02/12/2010

 BILL NUMBER: AB 1856INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Fong FEBRUARY 12, 2010 An act to amend Section 21032 of the Government Code, relating to public employees' retirement. LEGISLATIVE COUNSEL'S DIGEST AB 1856, as introduced, Fong. Public employees' retirement. The Public Employees' Retirement Law provides a comprehensive set of rights and benefits based upon age, service credit, and final compensation. Under the Public Employees' Retirement Law, members may elect to receive service credit for various types of public service, and this election is effective only if an appropriate payment, or authorization for payment, of the contributions and interest required for the credit is made. This bill would make a technical, nonsubstantive change to these provisions. 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 21032 of the Government Code is amended to read: 21032. A member may elect at any time prior to retirement, in accordance with regulations of the board, to receive credit for public service, under any of the definitions in this article, in addition to his or her current and prior service credit. An election shall be effective only if accompanied by a lump-sum payment of the contributions and interest required for the credit or by authorization for immediate institution of payroll deduction of installment payment of the contributions and interest. The right of election is subject to Sections 20894 and 20961, and shall be ineffective with respect to any time or employment for which the member subsequently becomes entitled to or eligible to elect to receive service credit in another system supported in whole or in part from public funds, in which case  the    accumulated contributions on deposit for the period of service credit shall be paid to the member.