BILL ANALYSIS                                                                                                                                                                                                    







                                                          SB 227  
Date of Hearing:  August 27, 1997

               ASSEMBLY COMMITTEE ON APPROPRIATIONS
                     Carole Migden, Chairwoman

              SB 227 (Solis) - As Amended:  8/25/97 
 
Policy Committee:  Higher Education             Vote:  13 - 0

Urgency:  No      State Mandated Local Program:  NoReimbursable:    
    

  SUMMARY  

  This bill  authorizes specified members of the State Teachers'  
Retirement System (STRS) and the Public Employees Retirement  
System (PERS) to move from one system to another, and establishes  
standards for those moves. More specifically, the bill:

1  Authorizes employees of community college districts (required  
   to be members of STRS), who are subsequently hired by the Board  
   of Governors of the California Community Colleges (BOG), to  
   elect to remain in the STRS system, as specified.  This would  
   apply to changes in employment effective on or after January 1,  
   1998.

2. Authorizes a PERS member employed by the BOG, who is  
   subsequently employed by a community college district, to have  
   their community college service credited to their PERS account.  
    This would apply to changes in employment effective on or  
   after January 1, 1998.

3. Authorizes a PERS member who changed employment, as specified,  
   to return to STRS coverage on or before March 1, 1998.  PERS is  
   required to transfer the actuarial present value to the assets  
   of the person who elects to return to STRS.  The bill specifies  
   that PERS is not required to identify and notify members who  
   may be eligible for this option.

4. Authorizes the BOG and a community college district or a  
   publicly funded organization within the community college  
   system to enter into an agreement, of up to two years, in order  
   to loan or temporarily assign an employee between the entities,  
   as specified.  This agreement may be extended for an additional  
   two years if a compelling need arises. 

  FISCAL EFFECT  

Minor, if any, additional GF costs.  The bill would result in  

                                                       - continued  
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                                                          SB 227  
minimal program and administrative costs due to the limited number  
of members this bill would impact.  Any administrative costs would  
be paid by investment returns as required under existing law.














































                                                       - continued  
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