AB 2417: State Teachers’ Retirement System: community colleges: part-time faculty.

The bill aims to improve retirement options for community college part-time faculty. It requires the Office of the Chancellor to develop informational materials about the defined benefit program, cash balance benefit program, and social security. These materials will explain the differences between membership and contributions made to these retirement options. The bill also gives temporary employees the option to join the defined benefit program, cash balance benefit program, or social security if they provide credible service. The state will reimburse local agencies and school districts for any costs imposed by the bill if the Commission on State Mandates determines that they are mandated by the state.