BILL NUMBER: AB 2355 CHAPTERED 07/23/04 CHAPTER 190 FILED WITH SECRETARY OF STATE JULY 23, 2004 APPROVED BY GOVERNOR JULY 23, 2004 PASSED THE SENATE JULY 12, 2004 PASSED THE ASSEMBLY APRIL 22, 2004 AMENDED IN ASSEMBLY MARCH 25, 2004 INTRODUCED BY Assembly Member Oropeza FEBRUARY 19, 2004 An act to amend Section 20536 of the Government Code, relating to public employees' retirement. LEGISLATIVE COUNSEL'S DIGEST AB 2355, Oropeza. Public Employees' Retirement System: administrative costs. Existing law authorizes the Board of Administration of the Public Employees' Retirement System to include in the contribution paid by a contracting agency an amount to cover administrative costs. This bill would require the board, upon request, to provide information to a contracting agency regarding those costs, as specified. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 20536 of the Government Code is amended to read: 20536. (a) The board may include each year in the contribution required of the contracting agency a reasonable amount, which may differ from agency to agency, to cover the costs of administering this system as it affects the active and retired employees of that agency. The board may also assess a contracting agency a reasonable amount to cover costs incurred because of the agency's failure to submit reports and forward contributions on a timely basis. The payments shall be credited to the current appropriation for support of the board and available for expenditure by the board. (b) Upon request, the board shall provide information to a contracting agency concerning the amount of administrative costs to be charged to each contracting agency with respect to those plans within the system in which the contracting agency participates.