SB 309, as introduced, Morrell. County employees’ retirement: contribution rates.
The County Employees Retirement Law of 1937 (CERL) authorizes counties to establish retirement systems pursuant to its provisions in order to provide pension benefits to county and district employees. CERL establishes the normal rates of contribution for members based on providing a specified, average annuity at 60 years of age.
This bill would make technical, nonsubstantive changes to those 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 31621 of the Government Code is
2amended to read:
The normal rates of contribution except for members
4covered by Article 6.8 shall
begin delete be provide an average annuity at
5such as willend delete
begin delete ageend delete 60
6 equal to one one-hundred-twentieth of the final compensation of
7members not covered by
begin delete Article 6.8,end delete according to the
P2 1tables adopted by the board of supervisors, for each year of service
2rendered after entering the system.