California AB569 restricts supplemental defined benefit plans for public employees hired after January 1, 2013.

California AB569, known as the California Public Employees’ Pension Reform Act of 2013, sets exceptions for supplemental defined benefit plans. It prohibits public employers from offering such plans to employees hired on or after January 1, 2013, except for those in the education sector. Additionally, employers that did not offer these plans before January 1, 2013, cannot start doing so afterward. Employers that already provided these plans before that date cannot extend them to new employee groups. The bill allows for bargaining over contributions for these plans.

California AB569 restricts supplemental defined benefit plans for public employees hired after January 1, 2013.

California AB569, known as the California Public Employees’ Pension Reform Act of 2013, sets exceptions for supplemental defined benefit plans. It prohibits public employers from offering such plans to employees hired on or after January 1, 2013, except for those in the education sector. Additionally, employers that did not offer these plans before January 1, 2013, cannot start doing so afterward. Employers that already provided these plans before that date cannot extend them to new employee groups. The bill allows for bargaining over contributions for these plans.