AB 1452 (O’Donnell) – Membership clean-up bill
Makes minor and conforming changes to provisions regarding membership in the Defined Benefit (DB) Program and participation in the Cash Balance (CB) Benefit Program resulting in the following:
- Consistent membership dates for persons who mandate into DB membership based on their employment status.
- Clarification of benefit program participation for persons employed by an employer that offers the CB Benefit Program.
- Version: Chaptered (Chapter 318, Statutes of 2019)
- Sponsor: CalSTRS
- Location: Signed by Governor
- Board Position: Sponsor
CalSTRS analysis:
As amended 3/26/2019As introduced 2/22/2019