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CA AB1101

Bill

Official Source

Status

Vetoed

9/29/2012

Primary Sponsor

Mike Eng

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Reduces gubernatorial appointees to the Teachers' Retirement Board from 5 to 4 members beginning January 1, 2016
  • Eliminates the Governor's authority to appoint a retired member of the Defined Benefit Program or retired participant of the Cash Balance Benefit Program
  • Increases elected board members from 3 to 4 by requiring retired members to be elected by retired program participants instead of gubernatorially appointed
  • Maintains 4 ex-officio members (Superintendent of Public Instruction, Controller, Treasurer, and Director of Finance)
  • Changes effective January 1, 2016, repealing the previous section that governed board composition

Legislative Description

Teachers' Retirement Board: members.

Last Action

Consideration of Governor's veto pending.

9/29/2012

Committee Referrals

Appropriations6/14/2011
Public Employment and Retirement5/19/2011
Rules5/5/2011
Appropriations3/30/2011
Public Employees, Retirement and Social Security3/17/2011

Full Bill Text

No bill text available