BILL NUMBER: SB 39	AMENDED
	BILL TEXT

	AMENDED IN SENATE   APRIL 19, 1999
	AMENDED IN SENATE   MARCH 9, 1999

INTRODUCED BY   Senator Baca
    (Coauthor:  Senator Karnette) 

                        DECEMBER 7, 1998

   An act to add Section 24203.6 to the Education Code, relating to
the State Teachers' Retirement System.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 39, as amended, Baca.  State Teachers' Retirement System.
   The existing State Teachers' Retirement Law provides that members
with 30 or more years of credited service receive increases in their
retirement allowance.
   This bill would provide additional increases for members with 29
or more and 31 or more years of credited service who retire on and
after January 1, 2000.
   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.  This act shall be known and may be cited as the Career
Teacher Incentive Act of 1999.
  SEC. 2.  Section 24203.6 is added to the Education Code, to read:
   24203.6.  In addition to the increase prescribed by Section
24203.5, the percentage of final compensation used to compute the
allowance pursuant to Section 24202.5 or 24203 of a member retiring
on or after January 1, 2000, who has 29 or more years of credited
service, shall be increased by one-tenth of 1 percentage point, and
the percentage of final compensation used to compute the allowance
pursuant to Section 24202.5 or 24203 of a member retiring on or after
January 1, 2000, who has 31 or more years of credited service, shall
be further increased by another one-tenth of 1 percentage point
provided that the sum of the percentage of final compensation used to
compute the allowance in Section 24202.5 or 24203, including any
adjustments for retiring before the normal retirement age, and the
additional percentages provided by this section  and Section
24203.5  does not exceed 2.40 percent.