BILL NUMBER: AB 2606	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Mendoza

                        FEBRUARY 24, 2012

   An act to amend Section 21623 of the Government Code, relating to
public employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2606, as introduced, Mendoza. Public employees' retirement:
postretirement death benefits.
   The Public Employees' Retirement Law requires that, upon the death
of any state or school member after retirement and while receiving a
retirement allowance, the sum of $2,000 be paid to the member's
designated beneficiary, except as specified.
   This bill would make technical, nonsubstantive changes 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 21623 of the Government Code is amended to
read:
   21623.  (a) In lieu of benefits provided by Section 21620 or
21622, upon the death of any retired state or school member, after
retirement and while receiving a retirement allowance from this
system, there shall be paid to the beneficiary whom he or she shall
nominate by written designation duly executed and filed with the
board, the sum of two thousand dollars ($2,000), to be provided from
contributions by the employer.
   (b) For the purposes of this section, all contributions,
liabilities, actuarial interest rates, and other valuation factors
shall be determined on the basis of actuarial assumptions and methods
that, in the aggregate, are reasonable and that, in combination,
offer the actuary's best estimate of anticipated experience under
this system.
   (c) The additional employer contributions required under this
section shall be computed as a level percentage of member
compensation.
   (d) This section shall apply to  a   any
 school employer and  a   any  retired
school member whose death after retirement occurs on or after
January 1, 2001. This section shall not apply to any contracting
agency or local member, except those contracting agencies that are
school employers and those school districts or community college
districts as defined in subdivision (i) of Section 20057.