BILL ANALYSIS
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|SENATE RULES COMMITTEE | AB 2711|
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THIRD READING
Bill No: AB 2711
Author: Leno (D)
Amended: As introduced
Vote: 21
SENATE PUBLIC EMP. & RET. COMMITTEE : 5-0, 6/14/04
AYES: Soto, Ashburn, Escutia, Karnette, Oller
SENATE APPROPRIATIONS COMMITTEE : 12-0, 6/28/04
AYES: Alpert, Battin, Aanestad, Ashburn, Bowen, Escutia,
Johnson, Karnette, Machado, Murray, Poochigian, Speier
NO VOTE RECORDED: Burton
ASSEMBLY FLOOR : 76-0, 4/22/04 (Passed on Consent) - See
last page for vote
SUBJECT : Public employees retirement system: transfer
agreements
SOURCE : Author
DIGEST : This bill authorizes the State Public Employees
Retirement System and the City and County of San Francisco
Employees Retirement System to enter into an agreement for
the transfer assets for certain local employees.
ANALYSIS : Existing law authorizes the Board of
Administration of the State Public Employees' Retirement
System (PERS) to enter into an agreement with the board of
retirement of specified county retirement systems subject
to the County Employees Retirement Law of 1937 for the
CONTINUED
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transfer of assets and liabilities from PERS to the county
retirement system with respect to safety members who have
ceased to be employed by a public agency or the state and
who have been employed by a county, fire authority, or
district as a result of a transfer of firefighting or law
enforcement functions.
This bill authorizes the Board of Administration of PERS to
enter into an agreement with the retirement board of the
City and County of San Francisco Employees' Retirement
System. The agreement facilitates the transfer of assets
and liabilities with respect to safety members who are now
employed by the city and county or the local fire authority
or district as a result of a transfer of firefighting or
law enforcement functions.
Comments
According to the author's office, the San Francisco Airport
Police were recently absorbed into the City of San
Francisco Police Department. Prior to this, the Airport
Police were in PERS and had a two percent at age 50
retirement formula. Now as part of the San Francisco
Police, they will have an increased retirement benefit of
three percent at age 55. However, prior service will still
be calculated at the old formula. This bill allows the
City to request PERS to transfer the prior service in PERS
over to the City's retirement system.
FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes
Local: No
SUPPORT : (Verified 6/30/04)
American Federation of State, County and Municipal
Employees
State Public Employees' Retirement System Board of
Administration
ASSEMBLY FLOOR :
AYES: Aghazarian, Bates, Benoit, Berg, Bermudez, Bogh,
Calderon, Campbell, Canciamilla, Chan, Chavez, Chu,
Cogdill, Cohn, Corbett, Correa, Cox, Daucher, Diaz,
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Dutra, Dutton, Dymally, Frommer, Garcia, Goldberg,
Harman, Haynes, Jerome Horton, Shirley Horton, Houston,
Jackson, Keene, Kehoe, Koretz, La Malfa, La Suer, Laird,
Leno, Leslie, Levine, Lieber, Longville, Lowenthal,
Maddox, Maldonado, Matthews, Maze, McCarthy, Montanez,
Mountjoy, Mullin, Nakanishi, Nakano, Nation, Negrete
McLeod, Oropeza, Pacheco, Parra, Pavley, Plescia, Reyes,
Richman, Ridley-Thomas, Runner, Salinas, Samuelian,
Simitian, Spitzer, Steinberg, Vargas, Wesson, Wiggins,
Wolk, Wyland, Yee, Nunez
NO VOTE RECORDED: Firebaugh, Hancock, Liu, Strickland
TSM:mel 6/30/04 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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