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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 |
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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 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.
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CalSTRS Analysis:
Pending
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