|33||LEGISLATURE. PARTICIPATION IN PUBLIC EMPLOYEES' RETIREMENT SYSTEM.|
|Text of Proposed Law|
This amendment proposed by Assembly Constitutional Amendment 12 of the 1999-2000 Regular Session (Resolution Chapter 83, Statutes of 2000) expressly amends the California Constitution by amending a section thereof; therefore, existing provisions proposed to be deleted are printed in
strikeout typeand new provisions proposed to be added are printed in italic type to indicate that they are new.
PROPOSED AMENDMENT TO SECTION 4.5 OF ARTICLE IV
SEC. 4.5. Notwithstanding any other provision of this Constitution or existing law, a person elected to or serving in the Legislature on or after November 1, 1990, shall participate in the Federal Social Security (Retirement, Disability, Health Insurance)
ProgramSystem, and themay elect to participate in the Public Employees' Retirement System in any state retirement plan in which a majority of the employees of the state may participate. The State shall pay only the employer's share of the contributioncontributions necessary to suchthat participation. No other pension or retirement benefit shall accrue as a result of service in the Legislature, suchthat service not being intended as a career occupation. This Sectionsection shall not be construed to abrogate or diminish any vested pension or retirement benefit whichthat may have accrued under an existing law to a person holding or having held office in the Legislature, but upon adoption of this Actact no further entitlement to nor vesting in any existing programprograms shall accrue to any such person, other than the Social Security System and the Public Employees' Retirement System to the extent herein provided.