SB 57, as introduced, Knight. The County Employees Retirement Law of 1937.
Existing law exempts the right of a person to a pension, annuity, retirement allowance, return of contributions, and any other right accrued under the County Employees Retirement Law of 1937, among other things, from taxation.
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 31452 of the Government Code is
2amended to read:
The right of a person to a pension, annuity, retirement
4allowance, return of contributions, the pension, annuity, or
5retirement allowance, any optional benefit, any other right accrued
6or accruing to any person under this chapter, the money in the fund
7created or continued under this chapter or the California Public
8Employees’ Pension Reform Act of 2013, and any property
9purchased for investment purposes pursuant to this chapter, are
10exempt from taxation, including any inheritance tax, whether state,
P2 1county, municipal, or district. They are not subject to execution
2or any other process of court whatsoever except to the extent
3permitted by Section 31603begin delete of this codeend delete and Section 704.110 of
4the Code of Civil Procedure, and are unassignable except as
5specifically provided
in this chapter.
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