BILL NUMBER: AB 989 INTRODUCED
BILL TEXT
INTRODUCED BY Assembly Member Mullin
FEBRUARY 22, 2013
An act to amend Section 22309 of the Education Code, relating to
state teachers' retirement.
LEGISLATIVE COUNSEL'S DIGEST
AB 989, as introduced, Mullin. State teachers' retirement: account
statements.
The State Teachers' Retirement Law creates the State Teachers'
Retirement System (STRS) for the purpose of providing retirement
benefits to teachers and other people employed in connection with the
schools. STRS is administrated by the Teachers' Retirement Board,
which is required to issue each active and inactive member, no less
frequently than annually, as specified, a statement of the member's
individual Defined Benefit Program and Defined Benefit Supplement
accounts, if the system has the member's mailing address. Existing
law permits the board to make the account statement available by
secured access through the system's Web site.
This bill would require the board to make an electronic copy of
the account statement available to each active and inactive member.
The bill would permit the board, by resolution, to make the
electronic copy of the account statement the default method by which
active and inactive members receive the information in the statement.
The bill would require the board, if it makes this resolution, to
notify each member that he or she has the right to request that a
copy of the individual account statement be mailed and to provide the
statement by mail if requested, as specified.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 22309 of the Education Code is amended to read:
22309. (a) The board shall issue to each active and inactive
member, no less frequently than annually after the close of the
school year, a statement of the member's individual Defined Benefit
Program and Defined Benefit Supplement accounts , provided
the employer or member has informed the system of the member's
current United States Postal Service mailing address. If the member
indicates that he or she prefers to receive that annual statement
through the Web site of the system, the board may, in lieu of
mailing, issue the annual statement by secured access through the Web
site of the system .
(b) (1) The board shall make an electronic copy of the individual
account statement described in subdivision (a) available to each
active and inactive member.
(2) The board may, by resolution, make the electronic copy of the
individual account statement the default method by which active and
inactive members receive the information provided in the individual
account statement. If the board makes this resolution, then the board
shall notify each active and inactive member that he or she has the
right to request that a copy of the individual account statement be
mailed. The board shall mail a copy of the individual account
statement if the system has received the member's request to do so in
the manner specified by the board.
(3) Until the board makes the resolution described in paragraph
(2), the board shall mail a copy of the member's statement of the
member's individual Defined Benefit Program and Defined Benefit
Supplement accounts, provided the employer or member has informed the
system of the member's current United States Postal Service mailing
address. If the member indicates that he or she prefers to receive
that annual statement through the Web site of the system, the board
may, in lieu of mailing, issue the annual statement by secured access
through the Web site of the system.
(b)
(c) The board shall periodically make a good faith
effort to locate inactive members to provide these members with
information concerning any benefit for which they may be eligible.