BILL ANALYSIS Ó
AB 1539
Page 1
Date of Hearing: May 27, 2015
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Jimmy Gomez, Chair
AB
1539 (Committee on Governmental Organization) - As Introduced
March 26, 2015
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|Policy |Governmental Organization |Vote:|20 - 0 |
|Committee: | | | |
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Urgency: No State Mandated Local Program: NoReimbursable: No
This bill specifies that a person becomes a participant in a
designed California jockey retirement plan when he or she is
licensed as a jockey in California.
FISCAL EFFECT:
Negligible fiscal impact to California Horse Racing Board
(CHRB).
COMMENTS:
AB 1539
Page 2
1)Purpose. According to the author, the purpose of this bill is
to ensure jockeys become participants in existing retirement
plans when they are licensed by the CHRB to be a jockey in
California.
2)Redundant Change? Existing law requires CHRB to administer a
defined contribution retirement plan "for California-licensed
jockeys." This bill effectively adds that a jockey becomes a
participant in the retirement plan for California-licensed
jockeys when that person is licensed as a jockey in
California.
Analysis Prepared by:Joel Tashjian / APPR. / (916)
319-2081