California § 20825.19. 20825.19. (Added by Stats. 2025, Ch. 110, Sec. 3.)

California Statutes

§ 20825.19. — 20825.19. (Added by Stats. 2025, Ch. 110, Sec. 3.)

California·Code GOV Government Code - GOV·Div. 5.·Title 2. DIVISION 5. PERSONNEL·Part 3. PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM·Ch. 9. CHAPTER 9. Employer Contributions

(a)

(1)In addition to the appropriation required pursuant to Section 20814, the Legislature hereby appropriates three hundred seventy-two million dollars ($372,000,000) from the General Fund, for the purposes described in subclause (IV) of clause (ii) of subparagraph (B) of paragraph (1) of subdivision (c) of Section 20 of Article XVI of the California Constitution to supplement the state’s appropriation to the Public Employees’ Retirement Fund. The appropriation made by this section represents a portion of the amount identified in paragraph (3) of subdivision (d) of Section 35.50 of the Budget Act of 2025. The appropriation shall be consistent with the requirements of this section and at the direction of the Department of Finance. The Department of Finance shall provide to the Cont

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(a)
(1)
In addition to the appropriation required pursuant to Section 20814, the Legislature hereby appropriates three hundred seventy-two million dollars ($372,000,000) from the General Fund, for the purposes described in subclause (IV) of clause (ii) of subparagraph (B) of paragraph (1) of subdivision (c) of Section 20 of Article XVI of the California Constitution to supplement the state’s appropriation to the Public Employees’ Retirement Fund. The appropriation made by this section represents a portion of the amount identified in paragraph (3) of subdivision (d) of Section 35.50 of the Budget Act of 2025. The appropriation shall be consistent with the requirements of this section and at the direction of the Department of Finance. The Department of Finance shall provide to the
Controller a schedule establishing the timing of specific transfers to be used as described in subdivision (b).
(2)
The supplemental payment to the Public Employees’ Retirement Fund described in paragraph (1) shall be apportioned to the following state employee member categories, as directed by the Department of Finance, not to exceed the following amounts:
(A)
One hundred seventy-four million five hundred twenty-three thousand dollars ($174,523,000) to the state miscellaneous member category.
(B)
Ten million two hundred ninety-six thousand dollars ($10,296,000) to the state industrial member category.
(C)
Twenty million four hundred seventy-nine thousand dollars ($20,479,000) to the state safety member category.
(D)
One hundred sixty-six million seven hundred two thousand dollars ($166,702,000) to the state peace officer/firefighter member category.
(b)
The appropriation made in paragraph (1) of subdivision (a) shall be applied to the unfunded state liabilities for the state employee member categories described in paragraph (2) of subdivision (a) that are in excess of the base amounts for the 2025–26 fiscal year.

California § 20825.19. (20825.19. (Added by Stats. 2025, Ch. 110, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.