BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 1355
                                                                  Page  1

          Date of Hearing:   May 6, 2009

            ASSEMBLY COMMITTEE ON PUBLIC EMPLOYEES, RETIREMENT AND SOCIAL  
                                      SECURITY
                                 Ed Hernandez, Chair
                     AB 1355 (Fong) - As Amended:  April 21, 2009
           
          SUBJECT  :   County employees' retirement: survivor's allowances.

           SUMMARY  :   Appropriately cross-references an alternative method  
          of calculating survivor's allowances in the County Employees'  
          Retirement Law of 1937 ('37 Act).

           EXISTING LAW  authorizes a county operating a '37 Act retirement  
          system to provide optional survivor allowances to members who  
          receive retirement benefits from both the '37 Act retirement  
          system and federal social security on a nonintegrated basis.   
          The survivor allowance is to be calculated according to one of  
          two alternative methods authorized by two separate sections of  
          law.

           FISCAL EFFECT  :   Unknown.

           COMMENTS  :   According to the author, "There are two options for  
          payment of survivor benefits when an employee had both a  
          retirement benefit and Social Security.  However, both statutory  
          options are not referenced throughout the code.  This bill  
          includes the references to the second option where references to  
          the first option appear."

           REGISTERED SUPPORT / OPPOSITION :   

           Support 
           
          State Association of County Retirement Systems (Sponsor)
          Association for Los Angeles Deputy Sheriffs

           Opposition 
           
          None on file
           
          Analysis Prepared by  :    Karon Green / P.E., R. & S.S. / (916)  
          319-3957