AB 596 (Honda) – Purchase of Service Credit
As introduced, would have authorized a member of the Defined Benefit Program to purchase up to three years of service credit for time served as a volunteer in the Peace Corps or the Volunteers In Service To America program. The bill also would have specified that such credit can not be purchased if the member received or is eligible to receive credit for the same time in the Cash Balance Benefit Program, or another retirement system. The amendments of April 27, 1999, removed reference to CalSTRS.
- Version: Chaptered (Chapter 834, Statutes of 1999)
- Sponsor: Author
- Location: Signed by Governor
- Board Position: Neutral
For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.