Attached is important information from CalPERS on Disallowed Compensation Benefit Adjustments and Penalty. Senate Bill 278 changed who is liable for the reporting of disallowed compensation that results in a misapplication or miscalculation of retirement benefits. The district will be liable to CalPERS for the full cost of the overpayment and will also pay the impacted retiree a portion of any reduced retirement benefit as a penalty. CalPERS is providing a service to review district labor agreements with a guaranteed turn-around time of 90 days. Districts may submit their MOU, collective bargaining unit agreement, or other labor policies and/or agreements to MOU_Review@calpers.ca.gov<mailto:MOU_Review@calpers.ca.gov> for CalPERS to review. We highly recommend that districts take advantage of this service to ensure all labor agreements are in compliance with CalPERS rules, especially concerning any special or onetime pay, and anytime the agreements change. Districts should review the new CalPERS webpages Compliance in Compensation Reporting and Special Compensation Reportability Table. www.calpers.ca.gov/page/employers/policies-and-procedures/compliance-in-compensation-reporting www.calpers.ca.gov/page/employers/mycalpers-technical-requirements/special-compensation-reportability-table If you have questions on the circular letter contact CalPERS at 888-225-7377.
Regards, School Business Advisory Services Team Santa Barbara County Education Office www.sbceo.org/sbas<www.sbceo.org/sbas>
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200-076-21.pdf