SB 499 (Soto) – Minor Program/Policy Changes
Senate Bill
Eliminates the requirement that a dependent child between the
ages of 18 and 22 must maintain full-time student status to
remain eligible for the dependent child’s portion of
benefits under Coverage A. Increases the loan limit for
home loans under Home Loan Program. Allows Cash Balance
Benefit Program participants to purchase certain DB Program
service
credit. Also appropriates funds from the Teachers’
Retirement Fund to the
Teachers’ Retirement Board to pay costs associated with post-2001
benefit
changes.
- Version: Chaptered (Chapter 802, Statutes of 2001)
- Sponsor: Teachers’ Retirement Board
- Location: Signed by Governor
- Board Position: Sponsor
CalSTRS Analysis:
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