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Mandatory DC Retirement Plans for New Public Employees
Bill #: ACA 5 Author: Richman
Version: Introduced 12/06/2004 Sponsor: Author
Location: Assembly PER&SS Board Position: Oppose
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 allow 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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