CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 1433Introduced by Senator MoorlachFebruary 16, 2018 An act to amend Section 7522.15 of the Government Code, relating to public employees retirement. LEGISLATIVE COUNSEL'S DIGESTSB 1433, as introduced, Moorlach. The California Public Employees Pension Reform Act of 2013.Existing law, the California Public Employees Pension Reform Act of 2013, among other things, establishes new retirement formulas for employees first employed on or after January 1, 2013, that a public employer or retirement system offering a defined benefit pension plan is prohibited from exceeding, subject to certain exceptions. This bill would make nonsubstantive changes in these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 7522.15 of the Government Code is amended to read:7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 1433Introduced by Senator MoorlachFebruary 16, 2018 An act to amend Section 7522.15 of the Government Code, relating to public employees retirement. LEGISLATIVE COUNSEL'S DIGESTSB 1433, as introduced, Moorlach. The California Public Employees Pension Reform Act of 2013.Existing law, the California Public Employees Pension Reform Act of 2013, among other things, establishes new retirement formulas for employees first employed on or after January 1, 2013, that a public employer or retirement system offering a defined benefit pension plan is prohibited from exceeding, subject to certain exceptions. This bill would make nonsubstantive changes in these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Senate Bill No. 1433
Introduced by Senator MoorlachFebruary 16, 2018
Introduced by Senator Moorlach
February 16, 2018
An act to amend Section 7522.15 of the Government Code, relating to public employees retirement.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 1433, as introduced, Moorlach. The California Public Employees Pension Reform Act of 2013.
Existing law, the California Public Employees Pension Reform Act of 2013, among other things, establishes new retirement formulas for employees first employed on or after January 1, 2013, that a public employer or retirement system offering a defined benefit pension plan is prohibited from exceeding, subject to certain exceptions. This bill would make nonsubstantive changes in these provisions.
Existing law, the California Public Employees Pension Reform Act of 2013, among other things, establishes new retirement formulas for employees first employed on or after January 1, 2013, that a public employer or retirement system offering a defined benefit pension plan is prohibited from exceeding, subject to certain exceptions.
This bill would make nonsubstantive changes in these provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 7522.15 of the Government Code is amended to read:7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 7522.15 of the Government Code is amended to read:7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
SECTION 1. Section 7522.15 of the Government Code is amended to read:
### SECTION 1.
7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.
7522.15. Except as provided in subdivisions (d) and (e) of Section 7522.02, each a public employer and each or public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.