Provides additional Supplemental Benefit Maintenance Account benefits to members and beneficiaries of between 5% and 15% of their total benefit, effective July 1, 2023, to be paid quarterly. The percentage increase depends on the date that the member retired, became disabled or died.

• Version: Chaptered (Chapter 818, Statutes of 2022)
• Sponsor: Association of California School Administrators, California Federation of Teachers, California Retired Teachers Association, California Teachers Association
• Location: Signed by Governor
• Board Position: Support

CalSTRS analysis: