BILL NUMBER: AB 2076	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Allen

                        FEBRUARY 20, 2014

   An act to amend Section 22350 of the Education Code, relating to
the State Teachers' Retirement System.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2076, as introduced, Allen. The State Teachers' Retirement
System.
   Existing law establishes the State Teachers' Retirement System in
order to provide a financially sound plan for the retirement, with
adequate retirement allowances, of teachers in the public schools of
this state, teachers in schools supported by this state, and other
persons employed in connection with the schools. Existing law finds
and declares that it is necessary and desirable that the system
obtain the best possible investment expertise.
   This bill would make a technical, nonsubstantive change to that
provision.
   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 22350 of the Education Code is amended to read:

   22350.  The Legislature finds and declares that  the 
changing economic conditions and increasing complexity in the
investment market make it necessary and desirable that the system
obtain the best possible investment expertise.