The California Public Employees’ Pension Reform Act of 2013
The California Public Employees’ Pension Reform Act of 2013 (CalPEPRA) was adopted in August 2012 and went into effect on January 1, 2013. While a definitive interpretation of the 38-page bill is still evolving, SCERS has developed an impact analysis to help SCERS’ members, retirees, and participating employers to assess how the new law will affect them.
Please bear in mind, however, that while the comments in this May 29, 2013 analysis reflect SCERS’ current assessment of the law, it is possible that SCERS’ interpretation could change based on subsequent information, action, or legislation. Accordingly, please continue to check back with this website to see additional updates as we assess all of the implications of the new law.