California AB2417 mandates community colleges to inform part-time faculty about retirement options starting July 1, 2027.

California AB2417 amends the Education Code to require community college districts to provide informational materials to newly hired temporary employees regarding retirement options. These options include the Defined Benefit Program, the Cash Balance Benefit Program, and social security. The State Teachers’ Retirement System and the Public Employees’ Retirement System must develop and post these materials on their websites by July 1, 2027. The materials will detail differences in membership and contributions, the time required to vest in benefits, and the impact of social security credits.

California AB2417 mandates community colleges to inform part-time faculty about retirement options starting July 1, 2027.

California AB2417 amends the Education Code to require community college districts to provide informational materials to newly hired temporary employees regarding retirement options. These options include the Defined Benefit Program, the Cash Balance Benefit Program, and social security. The State Teachers’ Retirement System and the Public Employees’ Retirement System must develop and post these materials on their websites by July 1, 2027. The materials will detail differences in membership and contributions, the time required to vest in benefits, and the impact of social security credits.