Chapter 8. Two-tiered Retirement System of California Government Code >> Division 5. >> Title 2. >> Part 2.6. >> Chapter 8.
The Legislature hereby finds and declares that retirement
costs to the state and its employees would be reduced by the
establishment of a two-tiered retirement system which would improve
the coordination of benefits between Social Security and the Public
Employees' Retirement System.
It is therefore the intent of the Legislature to authorize the
development of a two-tiered retirement system.
The Department of Human Resources, in conjunction with the
Board of Administration of the Public Employees' Retirement System,
shall develop legislation which will implement a two-tiered
retirement system.