SB 191 (Karnette) – Retirement and Health Benefits
Credits a member’s Defined Benefit Supplement account based on his or her years of credited service. Also requires CalSTRS to pay the Medicare Part B premiums of currently active and retired DB members who are at least 55 years of age as of January 1, 2002. Requires CalSTRS to establish a nominal account for each member of the DB Program that retired before January 1, 2000, and credit it with $600 per year to pay their health care insurance premiums.
- Version: Amended 3/13/2001
- Sponsor: ACSA, AFT, CTA, CFT, FACCC, LA Community College Faculty Guild, UTLA
- Location: Assembly
- Board Position: Support, if amended
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