Permits members of the Defined Benefit Program to elect to purchase additional service credit for up to four years of service prior to membership in the U.S. Armed Forces or in the U.S. Merchant Marine. The bill allows members to purchase up to one year of service credit for each five years of credited service with CalSTRS and requires a member electing to purchase this service credit to have at least 10 years of service with CalSTRS on the date of election.

• Version: Chaptered (Chapter 196, Statutes of 2022)
• Sponsor: Author
• Location: Signed by Governor
• Board Position: Neutral

CalSTRS analysis: