California 2023-2024 Regular Session

California Assembly Bill ACA22

Introduced
3/14/24  

Caption

Legislature: retirement.

Impact

If enacted, ACA22 would establish a framework that permits newly elected legislators to earn retirement benefits through PERS. This change could attract individuals who might be deterred by the lack of a retirement plan when considering a run for office. Additionally, it would allow legislators to have their previous service in other governmental positions count towards their retirement benefits, thereby encouraging public service careers in government at various levels.

Summary

ACA22, introduced by Assembly Member Jones-Sawyer, seeks to amend the California Constitution to allow Members of the Legislature elected from December 3, 2024, onward, to participate in the Public Employees Retirement System (PERS). Currently, under California law, legislators elected after November 1, 1990, can only participate in the federal Social Security System and cannot accumulate any other pension benefits from their legislative service. The proposed amendment represents a significant shift in the retirement structure available to future legislators, potentially influencing their long-term financial security.

Contention

The amendment is likely to face debate, particularly concerning the sustainability of public pension funds and the implications for taxpayers. Critics may argue that expanding retirement benefits for lawmakers, while current employees are grappling with pension fund shortfalls, is inappropriate. Supporters, on the other hand, may advocate that allowing legislators to secure a retirement plan is a necessary step for recruiting competent candidates who can dedicate themselves to public service without financial burdens from their time in office.

Companion Bills

No companion bills found.

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