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California Code, Government Code - GOV § 20825.18

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) In addition to the appropriation required pursuant to Section 20814, the Legislature hereby appropriates five hundred eighty-four million dollars ($584,000,000) 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) Two hundred seventy-three million nine hundred eighty-three thousand dollars ($273,983,000) to the state miscellaneous member category.

(B) Sixteen million one hundred sixty-four thousand dollars ($16,164,000) to the state industrial member category.

(C) Thirty-two million one hundred fifty thousand dollars ($32,150,000) to the state safety member category.

(D) Two hundred sixty-one million seven hundred three thousand dollars ($261,703,000) 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.

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Cite this article: FindLaw.com - California Code, Government Code - GOV § 20825.18 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-20825-18/

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