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AB 2052 (Bonta) – Requiring employers to use electronic payments

Upon authorization by the Teachers’ Retirement Board, requires all employers to submit their contribution payments by an electronic funds transfer method.  Also allows an employer that is unable to comply with this requirement to apply to the board for a waiver to pay in an alternative manner.

  • Version: Chaptered (Chapter 125, Statutes of 2018)
  • Sponsor: CalSTRS
  • Location: Signed by Governor
  • Board Position: Sponsor

CalSTRS analysis:

As Introduced 2/6/2018