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PROPOSITION 2000 General
33 LEGISLATURE. PARTICIPATION IN PUBLIC EMPLOYEES’ RETIREMENT SYSTEM.
Official Title and Summary
Official Title and Summary Prepared by the Attorney
LEGISLATURE. PARTICIPATION IN PUBLIC EMPLOYEES’ RETIREMENT SYSTEM.
Legislative Constitutional Amendment.

• Amends Constitution to allow members of the California Legislature the option to participate in the Public Employees’ Retirement System.

• Allows any person elected or serving in the Legislature on or after November 1, 1990 to participate in any state retirement plan in which a majority of the employees of the State may participate.

• Only the employer’s share of the contribution necessary for participation in such state retirement plans will be paid by the State.

• Requires members of the Legislature to continue to participate in the Federal Social Security System.

Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:

• Annual state costs under $1 million to provide retirement benefits to legislators, with these costs replacing other spending from the fixed annual amount provided in support of the Legislature. No net impact on state spending.

Final Votes Cast by the Legislature on ACA 12 (Proposition 33)
Assembly: Ayes 57 Noes 12
Senate: Ayes 27 Noes 0
 


  Analysis by the Legislative Analyst
  Argument in Favor of Proposition 33
  Rebuttal to Argument in Favor of Proposition 33
  Argument Against Proposition 33
  Rebuttal to Argument Against Proposition 33
 

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