Requires transfer of certain participants of DCRP to PERS.

Summary

The bill requires that school district employees who were enrolled in the Defined Contribution Retirement Program (DCRP) be transferred to the Public Employees’ Retirement System (PERS). It applies to employees hired after the bill’s effective date who meet salary and work‑hour thresholds, as well as current DCRP participants, giving them service credit but not using that credit to calculate pension benefits. The state will cover any unfunded liability created by the transfer.

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