Back to California

ACA-2 • 2026

Legislature: retirement.

Legislature: retirement.

Elections Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Jackson
Last action
2024-12-03
Official status
From printer. May be heard in committee January 2.
Effective date
Not listed

Plain English Breakdown

The official source does not provide specific details about the amount of money lawmakers will receive from the new retirement plan.

Legislature: Retirement

This law changes California's rules about how state lawmakers can get retirement benefits, allowing them to join a special retirement plan if they have served since November 1, 2010 and for at least 10 years.

What This Bill Does

  • Repeals the rule that stops lawmakers from getting any pension or retirement money except for Social Security after leaving office.
  • Requires the Legislature to establish a new retirement system for members elected to or serving in the Legislature on or after November 1, 2010.
  • Specifies that a member must serve at least 10 years in the Legislature to be eligible for benefits under this new retirement system.
  • Allows lawmakers who served less than 10 years to transfer their service credit to other public employee pension plans.

Who It Names or Affects

  • Lawmakers in the California Legislature who have been serving since November 1, 2010

Terms To Know

Legislature
The group of people chosen by voters to make laws for a state or country.
Pension
Money that someone gets after they stop working, usually because it is time to retire.

Limits and Unknowns

  • Does not specify the details of the new retirement system.
  • Only affects lawmakers who have been in office since November 1, 2010

Bill History

  1. 2024-12-03 California Legislative Information

    From printer. May be heard in committee January 2.

  2. 2024-12-02 California Legislative Information

    Introduced. To print.

Official Summary Text

ACA 2, as introduced, Jackson.
Legislature: retirement.
The California Constitution prohibits Members of the Legislature from accruing any pension or retirement benefit other than participation in the federal Social Security program as a result of legislative service.
This measure, the Legislative Diversification Act, would repeal that prohibition and instead require the Legislature to establish a retirement system for Members elected to or serving in the Legislature on or after November 1, 2010. The measure would require a Member to serve at least 10 years in the Legislature to be eligible to receive benefits under the retirement system. The measure would authorize a Member who serves fewer than 10 years to transfer the service credit earned as a result of service in the Legislature to any other public employees’ pension or retirement system in which the Member participates.

Current Bill Text

Read the full stored bill text
Download Bill PDF