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 contributionbegin insert,end insert except for members
4covered by Article 6.8begin insert (commencing with Section 31639),end insert shallbegin delete be provide an average annuity at
5such as willend deletebegin delete ageend delete 60begin insert years of ageend insert
6 equal to one one-hundred-twentieth of the final compensation of
7members not covered bybegin delete Article 6.8,end deletebegin insert
that article,end insert according to the
P2 1tables adopted by the board of supervisors, for each year of service
2rendered after entering the system.
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