Vote 2000 Home | Ballot Pamphlet Home | Campaign Finance | Secretary of State Home
32  | 33  | 34  | 35  | 36  | 37  | 38  | 39
PROPOSITION 2000 General
33 LEGISLATURE. PARTICIPATION IN PUBLIC EMPLOYEES’ RETIREMENT SYSTEM.
Text of Proposed Law
 

This amendment proposed by Assembly Constitutional Amendment 12 of the 1999–2000 Regular Session (Resolution Chapter 83, Statutes of 2000) expressly amends the California Constitution by amending a section thereof; therefore, existing provisions proposed to be deleted are printed in strikeout type and new provisions proposed to be added are printed in italic type to indicate that they are new.

PROPOSED AMENDMENT TO SECTION 4.5 OF ARTICLE IV

SEC. 4.5. Notwithstanding any other provision of this Constitution or existing law, a person elected to or serving in the Legislature on or after November 1, 1990, shall participate in the Federal Social Security (Retirement, Disability, Health Insurance) Program System, and the may elect to participate in the Public Employees’ Retirement System in any state retirement plan in which a majority of the employees of the state may participate. The State shall pay only the employer's share of the contribution contributions necessary to such that participation. No other pension or retirement benefit shall accrue as a result of service in the Legislature, such that service not being intended as a career occupation. This Section section shall not be construed to abrogate or diminish any vested pension or retirement benefit which that may have accrued under an existing law to a person holding or having held office in the Legislature, but upon adoption of this Act act no further entitlement to nor vesting in any existing program programs shall accrue to any such person, other than the Social Security System and the Public Employees’ Retirement System to the extent herein provided.
 

Vote 2000 Home | Ballot Pamphlet Home | Campaign Finance | Secretary of State Home