BILL NUMBER: SB 221 CHAPTERED 07/17/07 CHAPTER 74 FILED WITH SECRETARY OF STATE JULY 17, 2007 APPROVED BY GOVERNOR JULY 17, 2007 PASSED THE SENATE MAY 14, 2007 PASSED THE ASSEMBLY JULY 3, 2007 AMENDED IN SENATE APRIL 24, 2007 AMENDED IN SENATE APRIL 9, 2007 INTRODUCED BY Senator Runner FEBRUARY 9, 2007 An act to amend Section 9350.6 of the Government Code, relating to the Legislators' Retirement System. LEGISLATIVE COUNSEL'S DIGEST SB 221, Runner. Legislators' Retirement System: compensation. The Legislators' Retirement Law permits the Insurance Commissioner or an elective officer of the state whose office is provided for by the Constitution, other than a judge or Member of the Senate or Assembly, to become a member of the Legislators' Retirement System and receive a retirement allowance based upon the highest compensation received by that Insurance Commissioner or elective officer while he or she was serving in office. This bill would provide that the retirement allowance of a member of the Legislators' Retirement System who is a member of that retirement system as the Insurance Commissioner or an elective officer of the state whose office is provided for by the Constitution, other than a judge or Member of the Senate or Assembly, and who enters the system on or after January 1, 2008, shall be based on the highest average salary that was earnable by the person during any consecutive 12-month period of service. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 9350.6 of the Government Code is amended to read: 9350.6. (a) "Compensation" and "salary" mean the remuneration paid in cash out of funds controlled by the state, excluding mileage, reimbursement for expenses incurred in the performance of official duties, any per diem allowance paid in lieu of those expenses and as limited by Section 9359.05. (b) Notwithstanding any other provision of this chapter, for purposes of computing a retirement allowance or benefit of a Member of the Legislature, the salary used shall be the highest salary received by the Member of the Legislature while in office. (c) For purposes of calculating a retirement allowance or benefit pursuant to subdivision (b) of Section 9359.1 for a person who first enters this system on or after January 1, 2008, as the Insurance Commissioner or as an elective officer of the state whose office is provided for by the Constitution other than a judge or a Member of the Senate or Assembly, the compensation or salary used shall be the highest average salary received by the member during any consecutive 12-month period of service.