SB 1505 (Burton) – Minimum Guaranteed Allowance

Senate Bill

Extends eligibility for the minimum guaranteed allowance enacted by Chapter 632, Statutes of 1999 (SB 713-Burton), that is paid to Defined Benefit Program members, their option beneficiaries and surviving spouses, in varying amounts according to the member’s years of credited service at retirement.

  • Version: Chaptered (Chapter 1026, Statutes of 2000)
  • Sponsor: CRTA
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As amended 8/25/00

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