BILL NUMBER: SB 1027	INTRODUCED
	BILL TEXT


INTRODUCED BY  Senator Schiff

                        FEBRUARY 27, 1997

   An act to amend Sections 23200 and 23202 of the Education Code,
relating to school employees.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1027, as introduced, Schiff.  School employees retirement.
   The State Teachers' Retirement System authorizes members to
redeposit refunded contributions.
   The bill would authorize members to redeposit contributions
withdrawn by nonmember spouses.
   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 23200 of the Education Code is amended to read:

   23200.  (a) If a person, whose accumulated retirement
contributions have been refunded, again becomes a member of the plan,
the person may elect to redeposit those contributions with regular
interest from the date of refund to the date of payment.  If the
member elects to redeposit, the member shall repay all accumulated
retirement contributions that were previously refunded.
   (b) For time prior to July 1, 1944, regular interest shall be at
21/2 percent compounded annually.  
   (c) If a nonmember spouse, as defined in Section 22651, withdraws
accumulated contributions in accordance with Section 22661, the
member may redeposit a sum equal to those contributions pursuant to
subdivision (a), providing he or she is not receiving an allowance
under Chapter 26 (commencing with Section 24100) or Chapter 27
(commencing with Section 24201). 
  SEC. 2.  Section 23202 of the Education Code is amended to read:
   23202.  (a) An election pursuant to Section 23200 to redeposit
accumulated retirement contributions may be made by a member anytime
prior to the effective date of the member's retirement.
   (b) An election to redeposit refunded accumulated retirement
contributions shall be considered as an election to repay all
accumulated retirement contributions previously refunded  under
the provision of this chapter  .
   (c) If any payment due because of this election is not received at
the system's office in Sacramento within 120 days of its due date,
the election shall be canceled. Upon the cancellation of election any
payments made under the election shall be refunded.
   (d) If the election is cancelled, the member may at any time prior
to the effective date of retirement, again elect to redeposit
accumulated retirement contributions previously withdrawn or
refunded, in accordance with Section 23200 and all the laws, rules,
and regulations pertaining thereto.