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| Mandatory DC Retirement Plans for New Public Employees |
| Bill #: ACA 1X |
Author: Richman |
| Version: Introduced 01/06/2005 |
Sponsor: Governor |
| Location: Assembly Extraordinary Session Committee on the Public Sector |
Board Position: Oppose |
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Bill Text/Status |
| Summary:
Would have required all state, school and local public employers to offer their new employees,
beginning 7/1/07, only defined contribution retirement plans, and allowed current public employees
to transfer money from their existing defined benefit retirement plan to the employer-sponsored
defined contribution plan offered to new employees. |
CalSTRS Analysis:
Pending
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