CalPERS / CalSTRS Right of Election

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CalPERS / CalSTRSRight of Election
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Right of Election

• Provides the member an opportunity to retain
  membership in their current retirement system
  when a change in employment requires membership
  in the other retirement system

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CalPERS Members

• Eligible to elect if employed by
• County school classified position
• Board of Governors of CA Community College
• State Department of Education
• OR
• Has 5 years of credited service
• - Any combination of employers

Not required to be both employed by the above
employers AND have five years of credited service
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Example CalPERS Member with less than 5 years
of service

• Employee hired in certificated position, and
• Is a member of CalPERS, but
• Does not have five years of service credit
• Eligible to elect if employed under CalPERS by
• School
• Board of Governors of Community College
• State Department of Education
• If employee elects CalPERS - report to CalPERS
• If employee does not elect or not employed by
  these employers - report to CalSTRS

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Issues Update

1. Actively employed by county school, Board of
   Governors, or Department of Education
2. Proposed guideline for break in service
3. Election for each employment change

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1 - Actively Employed

• For members without 5 years service credit, must
  be employed with
• County School
• Board of Governor of Community Colleges
• Department of Education
• at the time employee accepts a certificated
  position.

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2 - Break in Service

• Proposed guideline Not considered a break in
  service if
• Contract is offered and accepted while actively
  employed by county school, Board of Governors,
  Dept. of Education,
• OR
• If contract is offered and accepted during a
  regular school break (summer vacation, off-track)

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3 -Election for Each Employment Change

• Recent review of Ed. Code 22508 regarding
  irrevocable election
• Irrevocable until change in position
• Must qualify for election each time

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ACES Enhancement

• Previous County School Employment flag
• Currently available on ACES
• Last date of previous school employment flag
• New update provides date of last separation
• Refund flag
• Possible update for refund of previous school
  employment

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FAQs

• Posting a limited number of FAQs at this time.
• Will update CalPERS Web site with more FAQs as
  they are completed.

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Conclusion

• Circular Letter to outline the PERS/STRS policy
• active school employment and eligibility
• proposed guideline for a break in service
• election right for every change in position.
• Until that time, begin to apply these policy
  changes
• we will do our best to provide assistance.

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• Thank You

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