Education
State Teachers’ Retirement System: community colleges: part-time faculty
Community colleges must give newly hired temporary faculty clearer retirement-plan choices starting July 2027.
Temporary community college employees performing creditable service will receive information comparing pension, cash-balance, and Social Security coverage. They must be offered a choice among available options.
What the law does
- Requires the State Teachers’ Retirement System, with the Public Employees’ Retirement System, to post comparison links by July 1, 2027.
- Requires the online information to explain contribution and membership differences, vesting timelines, and examples of Social Security-covered credits.
- Requires community college districts to offer eligible temporary employees the Defined Benefit Program, the Cash Balance Benefit Program if offered, or Social Security.
- Requires districts to give the retirement information to newly hired eligible temporary employees beginning July 1, 2027.
- Allows districts to offer additional retirement options.
Who it affects
- Temporary community college employees performing creditable service.
- Community college districts.
- The State Teachers’ Retirement System and the Public Employees’ Retirement System.
Context
State reimbursement may be available if the Commission on State Mandates finds the new district duties create reimbursable state-mandated costs.