Senate Bill
SB 499 (Soto) – Minor Program/Policy Changes
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:
