BILL ANALYSIS                                                                                                                                                                                                    �






          SENATE PUBLIC EMPLOYMENT & RETIREMENT   BILL NO:  AB 1458
          Gloria Negrete McLeod, Chair   Hearing date:  May 7, 2012
          AB 1458 (Huber)    as introduced  1/09/12    FISCAL:  YES

           JOINT LEGISLATIVE RETIREMENT COMMITTEE:  REPEAL OF OBSOLETE 
          PROVISIONS
           

           HISTORY  :

              Sponsor:  Author

              Other legislation:  None


           ASSEMBLY VOTES  :

              PER & SS             5-0  3/28/12
              Appropriations       17-0 4/18/12
              Assembly Floor       74-0 4/26/12
           

          SUMMARY  :

          AB 1458 deletes obsolete provisions of law that established, 
          in 1963, the Joint Legislative Retirement Committee, which 
          has not met in over 20 years.


           BACKGROUND AND ANALYSIS  :
          
          1)   Existing law  establishes the Joint Legislative Retirement 
            Committee, which was created in 1963 to study and review 
            the benefits, programs, actuarial condition, practices, 
            investments and procedures of, and all legislation relating 
            to the retirement systems for public officers and employees 
            in this state and the trends and developments in the field 
            of retirement.

          2)   This bill repeals provisions of law establishing the 
            Joint Legislative Retirement Committee, which has not 
            operated in existence for over 20 years.

          Pamela Schneider
          Date:  5/01/12                                         Page 1 











           COMMENTS  :

          1)   Argument in Support  :

          According to the author:

            "The Joint Legislative Retirement Committee was created in 
            1963 to 'study and review the benefits, programs, actuarial 
            condition, practices, investments and procedures of, and 
            all legislation relating to the retirement systems for 
            public officers and employees in this state and the trends 
            and developments in the field of retirement.'  The 
            committee has not met in at least 20 years, and was 
            recently replaced by the new Joint Conference Committee on 
            Public Employee Pensions.  This Committee is tasked with 
            'examining the current public pensions systems, the 
            efficacy of recent reforms, and options going forward to 
            help bring fiscal stability to the systems in a way that's 
            fair to both workers and the citizens of California.'

            California is a complex and dynamic state that needs 
            support of a responsive government.  It is imperative that 
            entities no longer of use to the people are removed from 
            statute to ensure that government is streamlined, 
            efficient, and effective.

            This bill is one of four bills sponsored by Assemblymember 
            Huber related to deleting nonexistent government entities."

          2)   OPPOSITION  :

            None to date




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          Pamela Schneider
          Date:  5/01/12                                         Page 2