BILL NUMBER: AB 1163	CHAPTERED
	BILL TEXT

	CHAPTER  140
	FILED WITH SECRETARY OF STATE  JULY 18, 2014
	APPROVED BY GOVERNOR  JULY 18, 2014
	PASSED THE SENATE  JUNE 30, 2014
	PASSED THE ASSEMBLY  JANUARY 29, 2014
	AMENDED IN ASSEMBLY  JANUARY 14, 2014
	AMENDED IN ASSEMBLY  JANUARY 6, 2014

INTRODUCED BY   Assembly Member Levine

                        FEBRUARY 22, 2013

   An act to add Section 20100 to the Government Code, relating to
public employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1163, Levine. Public Employees' Retirement System: Board of
Administration: education.
   Existing law creates the Board of Administration of the Public
Employees' Retirement System (PERS) for the purpose of governing the
system, and prescribes the composition of the board and its powers
and duties.
   This bill would require the Board of administration of PERS to
adopt an education policy, as specified, for its members, 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 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.


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

  SECTION 1.  Section 20100 is added to the Government Code, to read:

   20100.  The board 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 are 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.
   (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 the 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 system's Internet Web site.