Connie Conway
- Republican
Author
The County Employees Retirement Law of 1937 requires a board of retirement, or a board of retirement and the board of investment, with appointed members to annually adopt a budget covering the entire expense of administration of the retirement system and prohibits the expense incurred in any year from exceeding 18100 of 1% of the total assets of the retirement system. Existing law provides that expenditures for legal services or costs of litigation are not considered to be a cost of administration of the retirement system. Existing law prohibits expenses incurred in any year for expenditures for computer software and hardware and computer technology consulting services, in support of these products, from exceeding the greater of the sum of 18100 of 1% of the total assets of the retirement system plus $1,000,000 or 23100 of 1% of the total assets of the retirement system. This bill would prohibit expenses for the costs of administration of the retirement system incurred in any year from exceeding the greater of 21100 of 1% of the accrued actuarial liability of the retirement system or $2,000,000, as adjusted annually by a specified annual cost-of-living adjustment. This bill would eliminate the exclusion of expenditures for legal services and costs of litigation from the costs of administration of the retirement system and would, instead, exclude from those costs of administration expenditures for computer software and hardware and computer technology consulting services in support of these products.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 663, Statutes of 2010.
Enrolled and to the Governor at 12 p.m.
Senate amendments concurred in. To enrollment. (Ayes 73. Noes 1. Page 6565.)
Assembly Rule 77 suspended. (Page 6558.)
Read third time, passed, and to Assembly. (Ayes 28. Noes 6. Page 4794.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 25 pursuant to Assembly Rule 77.
Read second time. To third reading.
Read third time, amended. To second reading.
Read second time. To third reading.
From committee: Do pass. (Ayes 5. Noes 1.) (June 28).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on P.E. & R.
In committee: Hearing postponed by committee.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on P.E. & R.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 77. Noes 0. Page 2015.)
Read third time, amended, and returned to third reading. (Page 1976.).
Read second time. To third reading.
From committee: Do pass. (Ayes 6. Noes 0.) (May 6).
From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E.,R. & S.S. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E.,R. & S.S. Read second time and amended.
From printer. May be heard in committee March 28.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB609 | HTML |
| 02/25/09 - Introduced | |
| 04/13/09 - Amended Assembly | |
| 04/30/09 - Amended Assembly | |
| 06/02/09 - Amended Assembly | |
| 07/01/09 - Amended Senate | |
| 06/22/10 - Amended Senate | |
| 08/19/10 - Amended Senate | |
| 09/01/10 - Enrolled | |
| 09/30/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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