BILL NUMBER: SB 309 INTRODUCED
BILL TEXT
INTRODUCED BY Senator Morrell
FEBRUARY 23, 2015
An act to amend Section 31621 of the Government Code, relating to
county employees' retirement.
LEGISLATIVE COUNSEL'S DIGEST
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 1. Section 31621 of the Government Code is amended to
read:
31621. The normal rates of contribution , except for
members covered by Article 6.8 (commencing with Section 31639),
shall be such as will provide an average
annuity at age 60 years of age equal to
one one-hundred-twentieth of the final compensation of members not
covered by Article 6.8, that article,
according to the tables adopted by the board of supervisors, for each
year of service rendered after entering the system.