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2005 California Government Code Sections 19999-19999.1 CHAPTER 8. TWO-TIERED RETIREMENT SYSTEM

GOVERNMENT CODE
SECTION 19999-19999.1 

19999.  The Legislature hereby finds and declares that retirement
costs to the state and its employees would be reduced by the
establishment of a two-tiered retirement system which would improve
the coordination of benefits between Social Security and the Public
Employees' Retirement System.
   It is therefore the intent of the Legislature to authorize the
development of a two-tiered retirement system.
19999.1.  The Department of Personnel Administration, in conjunction
with the Board of Administration of the Public Employees' Retirement
System, shall develop legislation which will implement a two-tiered
retirement system.


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