Starting in 2027, community college districts must offer covered temporary employees retirement choices and give new hires information comparing the options.
STRS must post links comparing the Defined Benefit and Cash Balance retirement programs with Social Security, including examples of vesting time and the effects of Social Security credits.
Temporary employees who provide creditable service for a community college district must be offered Defined Benefit coverage, Social Security, or Cash Balance coverage if the district offers it.
Districts must give newly hired temporary employees the retirement information that STRS posts about the available programs and Social Security.
STRS must post links to information comparing the three retirement coverage options. The information must compare the Defined Benefit and Cash Balance programs with Social Security coverage. STRS must consult the Public Employees’ Retirement System. STRS must provide the links on its website on or before July 1, 2027.
Community college districts must offer a temporary employee a choice of retirement coverage. This applies to a person classified as a temporary employee under Education Code Section 87482.5 who works for a community college district providing creditable service. The district may also offer another retirement option. The Cash Balance option is included only if the district offers it.
Community college districts must give specified retirement information to newly hired temporary employees. This applies to newly hired people classified as temporary employees under Education Code Section 87482.5. The information is the material STRS provides under Education Code Section 22339. This requirement begins July 1, 2027.
No hearings or votes scheduled.