AB 2780: Public employees’ retirement.

<p>The bill amends several sections related to public employee retirement systems, focusing on changes to the State Teachers' Retirement System (STRS). Key points include:</p> <p>1. Redefining "retired member activities" to cover all service performed within California's public school system by retired members in specified positions.</p> <p>2. Modifying how sick leave days are calculated, changing from dividing hours by 6 to equating one day with full-time creditable service hours (minimum of 6).</p> <p>3. Requiring the STRS board to diversify investments to minimize risk and maximize returns unless imprudent.</p> <p>4. Shortening the timeframe for notifying part-time and substitute employees about membership options from 30 days to 10 working days post-hire.</p> <p>5. Adjusting rules regarding service credit for leave of absence and disability retirement applications, removing provisio…