AB 1222 (Chapter 527, Statutes 2013) became law on October 4, 2013. This bill exempted California transit employees of public employers, whose interests are protected under Section 13(c) of the Federal Transit Act, from the PEPRA retirement benefit formula until January 1, 2015, or a court decision.

PEPRA 2020, 2021, 2022 SCO. California State Controller's Office facebook California State Controller's Office instagram California State Controller's Office linked in California State Controller's Office twitter Language

If you were hired on or after January 1, 2013, it’s likely the Public Employees’ Pension Reform Act (PEPRA) is applicable to you. Right now, employees who fall under PEPRA make up around 54% of CalPERS active members from California state, schools, and public agencies.

January 2, 2024 Circular Letter: 200-001-24 Topic: Payroll. To: All CalPERS Employers. Purpose. The purpose of this Circular Letter is to inform you of the 2024 compensation limits for classic and Public Employees’ Pension Reform Act (PEPRA) members and provide guidelines for how to report payroll when Internal Revenue Code (IRC) or PEPRA limits have been reached in a …

If you’re a California Public Employees’ Pension Reform Act (PEPRA) member (hired on or after January 1, 2013) and want to retire at the same age and with the same monthly income as a classic member, consider contributing to a personal savings plan.. Today, nearly 60% of CalPERS active members are PEPRA members. PEPRA, enacted to improve the long-term stability of the CalPERS retirement ...

As required by Public Employees’ Pension Reform Act (PEPRA), public agency members hired on or after January 1, 2013 (PEPRA members) are subject to possible increases or decreases to their pension benefit contribution rate based on the results of the annual actuarial valuations.. Find your agency's PEPRA member contribution requirements below.

Oct 24, 2024 · To Whom It May Concern October 24, 2024 Page 2 Analysis Section 7522.10 of the Government Code is as follows: 7522.10. (a) On and after January 1, 2013, each public retirement system

Assembly Bill 340 Assembly Bill 340 - California Public Employees’ Pension Reform Act of 2013 (PEPRA) August 31, 2012 – adopted by Legislature September 12, 2012 – signed by Governor Brown January 1, 2013 – AB 340 takes effect NOTE: This bill affects all state and local public retirement systems and their participating employers

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Jan 1, 2013 · The California Public Employees’ Pension Reform Act (PEPRA) of 2013 became effective on January 1, 2013. PEPRA primarily affects “new members,” as defined below: Eligible employees who joined KCERA on or after January 1, 2013, and; Eligible employees who returned to KCERA and to a different employer after January 1, 2013 following a break in service of more than six months.