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 DIGESTSB 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.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe 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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
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 DIGESTSB 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.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
Senate Bill No. 1168 CHAPTER 193
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
## 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.
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.
## Digest Key
## Bill Text
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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
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 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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
SECTION 1. Section 21620 of the Government Code is amended to read:
### SECTION 1.
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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
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 persons 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.(c) This section shall apply to all contracting agencies and to the employees of those agencies.
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 persons 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.
(c) This section shall apply to all contracting agencies and to the employees of those agencies.