BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 1028
                                                                  Page  1

          Date of Hearing:   April 13, 2011

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

            AB 1028 (Committee on Public Employees, Retirement and Social 
                   Security) - As Introduced:  February 18, 2011 

          Policy Committee:                              Public Employees, 
          Retirement and Social Security                Vote: 6-0

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:              

           SUMMARY  

          This bill makes several minor or technical amendments to various 
          sections of the Government Code administered by the California 
          Public Employees' Retirement System (CalPERS) that are necessary 
          for the continued efficient administration of the system.   
          Specifically, this bill addresses the following: 

          1)Strengthening and clarifying rules regarding post-Retirement 
            Employment.
          2)Accepting a will or trust as a beneficiary designation.
          3)Death benefit payments to public administrators.
          4)Clarifying the definition of payrate for school employees.
          5)CalPERS compliance with the federal heart act.
          6)Mid-year adjustment of state employer contribution rates.
          7)Board candidate campaign statements conformity.
          8)Other technical changes.

           FISCAL EFFECT  

          These changes enhance the ability of staff to effectively 
          administer CalPERS benefit programs and may result in minor 
          administrative savings.

           COMMENTS  

           1)Rationale  .  This bill is intended to make changes to the 
            Public Employees' Retirement Law identified by staff as 
            necessary for the maintenance and good governance of CalPERS.  
            These changes are clarifying technical or minor-policy changes 
            necessary for administrative purposes, identified through 








                                                                  AB 1028
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            normal business processes.

           2)Background  .  The Public Employees' Retirement Law is the body 
            of law which contains the primary CalPERS constitutional 
            provisions, statutes, and regulations.  These laws govern 
            CalPERS and the processes by which it operates.  During the 
            course of normal operations, areas are identified where the 
            law has not been kept current with the duties CalPERS is 
            expected to perform.  



           Analysis Prepared by  :    Roger Dunstan / APPR. / (916) 319-2081