Assembly Bill

ABX1 3 (Richman) – CalSTRS Hybrid and DC Retirement Plans

Among other things, would have implemented a proposed Constitutional Amendment to establish defined contribution and hybrid retirement programs for credentialed employees hired on or after 7/1/07. Also would have required any amendment to the Defined Benefit Program benefit formula that determines retirement benefits to apply only to service performed by the member on and after the effective date of the amendment.

  • Version: Introduced 4/14/2005
  • Sponsor: Author
  • Location: Assembly 
  • Board Position: No Position