Requires transfer of certain participants of DCRP to PERS.

Summary

The bill moves school district workers who are in the Defined Contribution Retirement Program (DCRP) into the Public Employees’ Retirement System (PERS). It applies to employees hired after the bill takes effect who earn above a set salary floor and work more than 20 hours per week, as well as current DCRP participants. Those transferred receive PERS benefits and service credit, but their DCRP service does not count toward pension benefit calculations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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