Plain English Breakdown
The official text does not specify an effective date beyond the July 1, 2027 deadline for actions to begin.
Community College Part-Time Faculty Retirement Information
This law requires state agencies and community colleges to create and share clear information about retirement choices for new temporary employees.
What This Bill Does
- Requires the Office of the Chancellor, STRS, and CalPERS to post online guides by July 1, 2027, explaining the Defined Benefit Program, Cash Balance Benefit Program, and Social Security.
- Mandates that these guides explain differences in membership rules and money contributions for each option.
- Orders community college districts to give these materials to newly hired temporary employees starting July 1, 2027.
- Ensures eligible temporary employees are offered a choice between the Defined Benefit Program, Cash Balance Benefit Program (if available), or Social Security.
Who It Names or Affects
- Newly hired temporary employees at California community colleges
- Community college districts and their governing boards
- The Office of the Chancellor of the California Community Colleges
- State Teachers' Retirement System (STRS) and Public Employees' Retirement System
Terms To Know
- Defined Benefit Program
- A retirement plan that pays a set amount based on final pay, years worked, and age at retirement.
- Cash Balance Benefit Program
- A retirement plan for employees who work less than half-time hours.
- Temporary employee
- Staff hired by a community college district to perform creditable service, often on a part-time or short-term basis.
Limits and Unknowns
- Reimbursement for costs depends on whether the Commission on State Mandates determines that this law creates new state-mandated duties.
- The Cash Balance Benefit Program is only an option if it is offered by the employer.