21251.13
. (a) Notwithstanding any other provision of law, Sections
21070.5, 21070.6, 21073.1, 21073.7, 21354.1, 21362.2, 21363.1, and
21369.1 and the amendments to Sections 21070, 21071, 21072, 21073,
21073.5, and 21353.5, enacted during the first year of the 1999-2000
Regular Session:
(1) Shall not become operative unless the board adopts a
resolution that does both of the following: (A) employs, for the June
30, 1998, valuation, 95 percent of the market value of assets of the
state employer as the actuarial value of the assets; and (B)
amortizes the June 30, 1998, excess assets over a period of 20 years,
beginning July 1, 1999.
(2) Shall not apply to a state employee, as defined in subdivision
(c) of Section 3513, in a bargaining unit unless and until
incorporated in a memorandum of understanding, pursuant to Section
3517.5, applicable to that bargaining unit.
(3) Shall not apply to excluded employees, as defined in Section
3527, unless the Department of Human Resources has approved the
application of those provisions to those employees. Notwithstanding
any provision of law to the contrary, any approval by the Department
of Human Resources for the application of these provisions to those
excluded employees is irrevocable.
(b) Notwithstanding anything in a memorandum of understanding to
the contrary, (1) the benefits provided under the provisions of those
sections described in subdivision (a), as added or amended during
the first year of the 1999-2000 Regular Session, shall not terminate
upon the expiration or termination of the memorandum of
understanding, and (2) the only conditions to the operation of the
provisions of those sections described in subdivision (a), as added
or amended during the first year of the 1999-2000 Regular Session,
are contained in this section.
(c) Notwithstanding Section 3517.8 or any provision of a
memorandum of understanding that has been continued in effect on and
after January 15, 2011, pursuant to Section 3517.8 to the contrary,
the retirement formulas in Sections 21354.1, 21363.3, 21363.4,
21363.8, and 21369.1 shall only apply to state employees who were
first employed and subject to those sections before January 15, 2011.
Those sections shall not apply to any state employee member first
employed on and after January 15, 2011.
(d) Upon request by the state employer or other entity, or on its
own volition, the board may change the amortization period, or take
any other action the board deems necessary or appropriate, to
mitigate the impact of unforeseen factors that may cause an increase
in the employer contribution by the state. Nothing in this section
shall be construed to limit the board's authority under Section 17 of
Article 16 of the California Constitution.