CalPERS Releases Guidance for Reporting Paid Leave Under the Families First Act

On Thursday, CalPERS issued Circular Letter which provides preliminary guidance to employers regarding how to report paid leave to CalPERS under Families First Coronavirus Recovery Act, which became law on March 18, 2020 in response to Coronavirus (COVID–19). CalPERS provides specific guidelines for employers to report sick and/or family leave paid to employees, leave for retired annuitants, qualification of paid leave as pensionable compensation, and reporting by employers in the CalPERS system. The letter may be found here.