Public employees’ retirement: administration.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill increases the compensation for members of public employee retirement boards and investment boards in California. Specifically, it raises the daily attendance rate from $100 to $320 for board meetings and committee meetings. The increase applies to members of the State Teachers’ Retirement System (STRS) board, the Public Employees’ Retirement System (PERS) board, and county retirement boards, subject to public notice and a majority vote of the county board of supervisors. The bill also clarifies the application of these compensation rates in counties of the first class.
Key provisions
- Increases compensation for retirement board and investment board members from $100 to $320 per meeting.
- Applies to members of the State Teachers’ Retirement System (STRS) board, the Public Employees’ Retirement System (PERS) board, and county retirement boards.
- Requires public notice and a majority vote of the county board of supervisors for any increase in compensation.
- Specifies that the compensation increase is for ‘actual attendance’ at meetings.
- Clarifies the application of compensation rates in counties of the first class.
- Addresses compensation for retired members serving on boards.
- Updates sections of the Education Code and Government Code to reflect the changes.
- Includes provisions for necessary traveling expenses.
Who is affected
- State employees
- Employees of contracting agencies
Bill text
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