Plain English Breakdown
The official source material does not provide specific details on the impact of joining PERA or criteria for eligibility, leaving these points as unknowns.
Allow Approved Facility Schools to Join Public Employees' Retirement Association
This law lets approved facility schools join PERA and apply for membership.
What This Bill Does
- Adds approved facility schools to the list of employers that can join PERA (Public Employees' Retirement Association).
- Allows these schools to ask PERA if they can become members.
Who It Names or Affects
- Approved facility schools and their employees.
- PERA, the retirement program for public workers.
Terms To Know
- Public Employees' Retirement Association (PERA)
- A group that manages retirement plans for people who work in government jobs.
- Approved facility schools
- Special types of schools that are allowed to join PERA under this new law.
Limits and Unknowns
- The bill does not explain how joining PERA will affect the schools or their employees.
- It is unclear what criteria approved facility schools must meet to be eligible for PERA membership.