ACAX1 8 (Richman) – Mandatory Hybrid and DC Retirement Plans for New Public Employees

Assembly Bill

Would have required all state, school and local public employers to offer their new employees, beginning 7/1/07, the choice of hybrid or defined contribution retirement plans, and allowed current public employees to transfer money from their existing defined benefit retirement plan to the employer-sponsored retirement plan offered to new employees.

  • Version: Introduced 04/14/2005
  • Sponsor: Author
  • Location: Assembly
  • Board Position: N/A


For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.