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1667 and SB 278 – CalPERS and CalSTRS Reporting Errors are Getting More Costly for Districts

March 9, 2023 | 10:00 - 11:15am

SB 278 (CalPERS) and AB 1667 (CalSTRS) are making compensation reporting errors more costly for public agencies, including school and community college districts. CalPERS and CalSTRS have numerous statutory, regulatory, and administrative rules regarding what compensation is reportable for the purposes of including compensation in the calculation of pension benefits. While reporting errors have negatively impacted employee pension benefits, recent legislation shifts liability for pension overpayments resulting from an error in reporting compensation from retirees to public agencies. This presentation will discuss the scope of AB 1667 and SB 278, what risks they present, and how your agency can take proactive steps to mitigate its impact and avoid costly compliance errors.

Who Should Attend?

Agency employees in Human Resources, Payroll, Risk Management, or who participate in labor negotiations should attend this webinar.

Register here.