SB 32 (Moorlach) – Public Employees’ Pension Reform Act Modifications

Assembly Bill

Among the proposed reforms, CalSTRS is affected by the provisions that create the Citizen’s Pension Oversight Committee to advise the CalSTRS and CalPERS boards; further define “normal monthly rate of pay or base pay” for CalSTRS 2% at 60 members; increase the final compensation period for new members on or after January 1, 2018, to at least 60 consecutive months;  prohibit public retirement systems from making cost-of-living adjustments to benefits when the unfunded actuarial liability of either CalSTRS or CalPERS is greater than zero; and stipulate the applicable benefit structure for new members who leave employment with, and then are reemployed by, an employer participating in CalSTRS.

  • Version: Amended 3/2/2017
  • Sponsor: Author
  • Location: Senate PE&R Committee
  • Board Position: Oppose

CalSTRS Analysis:

As Amended 3/2/2017


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