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CA AB194
Bill
Status
Vetoed
9/30/2010
Primary Sponsor
Juan Arambula
Click for details
AI Summary
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Sets a maximum salary cap for retirement benefit calculations at 125% of the California Governor's salary as recommended by the California Citizens Compensation Commission (effective December 7, 2009)
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Applies only to individuals who first become members of a public retirement system on or after January 1, 2011
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Requires the maximum salary cap to be adjusted annually based on changes in the All Urban California Consumer Price Index
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Took effect immediately upon passage as an urgency statute on August 31, 2010
Legislative Description
Retirement: local employees.
Last Action
Vetoed by Governor.
9/30/2010
Committee Referrals
Appropriations8/30/2010
Rules5/4/2009
Budget3/31/2009
Full Bill Text
No bill text available