Labor/Employment,
Government
Mar. 16, 2023
Public education agencies could be liable for pension overpayments
Assembly Bill 1667 holds public education agencies financially accountable for proper reporting compensation to CalSTRS, while providing incentives to promote compliance.
Alysha R. Stein-Manes
Liebert Cassidy WhitmoreLabor & Employment
Phone: (310) 981-2734
Email: asteinmanes@lcwlegal.com
Boston Univ Law School
The State Teachers’ Retirement Law (STRL) provides defined benefit retirement plans administered by the California State Teachers Retirement System (CalSTRS) for eligible employees of participating public education agencies (“employers”), which include K-12 school districts, charter schools, county offices of education, and public higher education institutions. To fund these plans, employers report employee compensation to CalSTRS directly, or through their county of...
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