Loading chat...
CA SB1189
Bill
AI Summary
-
Authorizes county boards of retirement to appoint a chief technology officer in addition to existing positions (retirement administrator, chief financial officer, chief operations officer, chief investment officer, and general counsel)
-
Specifies that appointed personnel are retirement system employees rather than county employees, with terms and conditions of employment established by the board of retirement
-
Requires counties to transfer any accrued leave balances from employees who transition to retirement system employment and compensate the retirement system for the value of that leave
-
Designates compensation for appointed personnel as an administrative expense of the retirement system
-
Applies only to Ventura County's retirement system upon board of retirement resolution
Legislative Description
County Employees Retirement Law of 1937: county board of retirement.
Last Action
Chaptered by Secretary of State. Chapter 131, Statutes of 2024.
7/15/2024