AB 820 (PER&SS) – Minor Program/Policy Changes
Authorizes a member of the Defined Benefit Program to redeposit a portion of previously refunded contributions; also permits the purchase of previously excluded service. Allows a retired member, who is receiving an unmodified allowance, to name their new spouse as option beneficiary. Allows trustees of governing school boards to participate in the Cash Balance Benefit Program.
- Version: Chaptered (Chapter 1020, Statutes of 2000)
- Sponsor: CRTA, CTA
- Location: Signed by Governor
- Board Position: Support
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