(1) Existing law, the Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System (PERS) for the purpose of providing pensions and benefits to state employees and their beneficiaries and prescribes the rights and duties of employers participating in the system. Under PERL, benefits are funded by investment income and employer and employee contributions, which are deposited into the Public Employees' Retirement Fund, a continuously appropriated trust fund administered by the system's board of administration.
(1) Existing law, the Public Employees' Retirement Law (PERL) creates the Public Employees' Retirement System (PERS) for the purpose of providing pensions and benefits to state employees and their beneficiaries and prescribes the rights and duties of employers participating in the system. Under PERL, benefits are funded by investment income and employer and employee contributions, which are deposited into the Public Employees' Retirement Fund, a continuously appropriated trust fund administered by the system's board of administration.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Unfinished Business SB156 B. & F.R. (Wiener) Concurrence — 29–0 (pass) · upper
Sponsors
Committee on Budget and Fiscal Review — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-01-23 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2025-01-24 From printer. May be acted upon on or after February 23.
2025-02-05 Referred to Com. on B. & F. R. referral-committee
2025-03-17 Withdrawn from committee. (Ayes 27. Noes 10. Page 384.)
2025-03-17 Ordered to second reading.
2025-03-18 Read second time. Ordered to third reading. reading-1, reading-2
2025-03-20 Read third time. Passed. (Ayes 28. Noes 10. Page 449.) Ordered to the Assembly. passage, reading-1, reading-3
2025-03-20 In Assembly. Read first time. Held at Desk. reading-1
2025-03-24 Referred to Com. on BUDGET. referral-committee
2025-09-08 From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET. amendment-passage, committee-passage, reading-1, reading-2, referral-committee