BILL NUMBER: AB 1519	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Wieckowski

                        JANUARY 17, 2012

   An act to add Section 31522.8 to the Government Code, relating to
county employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1519, as introduced, Wieckowski. County employee retirement
boards.
   The County Employees Retirement Law of 1937 prescribes the rights,
benefits, and duties of members of the retirement systems
established pursuant to its provisions. The act vests the management
of these systems in retirement boards, and sets forth the membership
and qualifications of the boards.
   This bill would require a retirement board to adopt a policy for
providing education for members of retirement boards, as specified,
and would require all board members to receive a minimum of 24 hours
of board member education within the first 2 years of assuming office
and for every subsequent 2-year period in which the person serves on
the board. The bill would require the retirement board to maintain a
record of a board member's compliance with the policy, and to post
the policy and an annual report on board member compliance on the
retirement system's Internet Web site.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 31522.8 is added to the Government Code, to
read:
   31522.8.  A board of retirement subject to this article shall
adopt a policy for providing education to board members. The policy,
at a minimum, shall do the following:
   (a) Identify appropriate topics for board member education, which
may include, but is not limited to, the following:
   (1) Fiduciary responsibilities.
   (2) Ethics.
   (3) Pension fund investments and investment program management.
   (4) Actuarial matters.
   (5) Pension funding.
   (6) Benefits administration.
   (7) Disability evaluation.
   (8) Fair hearings.
   (9) Pension fund governance.
   (10) New board member orientation.
   (b) Establish a means for determining the programs, training, and
educational sessions that qualify as board member education.
Educational seminars sponsored by the state or national public
pension fund organizations, and seminars sponsored by accredited
academic institutions shall be deemed to meet board member education
requirements.
   (c) Require that all board members receive a minimum of 24 hours
of board member education within the first two years of assuming
office and for every subsequent two-year period the board member
continues to hold membership on the board.
   (d) Require each board to maintain a record of board member
compliance with the policy. The policy and an annual report on board
member compliance shall be placed on the Internet Web site of the
retirement system.