BILL NUMBER: SB 57	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Knight

                        DECEMBER 19, 2014

   An act to amend Section 31452 of the Government Code, relating to
county employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   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 1.  Section 31452 of the Government Code is amended to
read:
   31452.  The right of a person to a pension, annuity, retirement
allowance, return of contributions, the pension, annuity, or
retirement allowance, any optional benefit, any other right accrued
or accruing to any person under this chapter, the money in the fund
created or continued under this chapter or the California Public
Employees' Pension Reform Act of 2013, and any property purchased for
investment purposes pursuant to this chapter, are exempt from
taxation, including any inheritance tax, whether state, county,
municipal, or district. They are not subject to execution or any
other process of court whatsoever except to the extent permitted by
Section 31603  of this code  and Section 704.110 of
the Code of Civil Procedure, and are unassignable except as
specifically provided in this chapter.