BILL ANALYSIS                                                                                                                                                                                                    �






          SENATE PUBLIC EMPLOYMENT & RETIREMENT   BILL NO:  AB 2664
          Gloria Negrete McLeod, Chair Hearing date:  June 11, 2012
          AB 2664 (Asm. PER&SS Committee)    as amended  5/09/12   
          FISCAL:  NO

           '37 ACT COUNTY RETIREMENT SYSTEMS:  ELECTRONIC SIGNATURES; 
          BENEFIT ADJUSTMENT AUTHORITY FOR ERRORS & OMMISSIONS; RETIREE 
          DENTAL BENEFITS
           

           HISTORY  :

              Sponsor:  Los Angeles County Employees' Retirement 
          Association
                   State Association of County Retirement Systems

              Other legislation:  AB 232 (Fletcher/Hill),
                         Chapter 90, Statutes of 2009
                        AB 1288 (Hayashi),
                         Chapter 331, Statutes of 2007

           ASSEMBLY VOTES  :

              PER & SS             6-0  5/02/12
              Assembly Floor       77-0 5/21/12
           
          SUMMARY  :

          AB 2664 would provide authority for a '37 Act County 
          Retirement System to:

             1)   use and accept an electronic signature on documents 
               from members if submitted using technology deemed by the 
               board to be sufficient to ensure authenticity;
             2)   for Los Angeles County Employees' Retirement 
               Association (LACERA), recalculate and adjust retiree 
               benefits as specified to account for errors and 
               omissions discovered within in 3 years, or 10 years if 
               involving fraud; and
             3)   enroll retirees into a group dental plan administered 
               by the system for active members provided that retiree 
               participants pay the entire premium for the dental 
               benefits.
          Glenn A. Miles
          Date:  6/04/12                                         Page 1 











           BACKGROUND AND ANALYSIS  :
          
           1)Existing law  :

             a)   establishes the 1937 Act County Employees' Retirement 
               Law, which covers 20 independent county retirement 
               systems, each governed by an independent board of 
               retirement.

             b)   provides that when a signature is required in any 
               transaction involving a public entity, a digital 
               signature that complies with certain requirements may be 
               used and requires that the digital signature conform to 
               regulations of the Secretary of State.

             c)   authorizes the California State Teachers' Retirement 
               System (CalSTRS) to develop and implement a process for 
               accepting electronic signatures from members, while 
               maintaining the same level of security as required by 
               existing CalSTRS law.

             d)   establishes the manner in which the California Public 
               Employees' Retirement System (CalPERS) may adjust 
               retirement payments due to errors or omissions.

             e)   establishes the County Retirement System Vision Care 
               Program to provide vision care benefits to '37 Act 
               retirees, their survivors, and eligible dependents.

           1)This bill  :
          
             a)   allows the retirement boards of '37 Act retirement 
               systems to adopt regulations allowing for the use and 
               acceptance of a member's electronic signature if the 
               documents and signature are submitted using technology 
               the board deems sufficient to ensure their integrity, 
               security, and authenticity.  Provides that the documents 
               and signatures will be given the same force and effect 
               as a signed, valid original document.

             b)   authorizes LACERA to adjust retirement payments due 
               to errors or omissions in a manner similar to that used 
          Glenn A. Miles
          Date:  6/04/12                                         Page 2 










               by CalPERS, as follows:

                i.      Sets a three-year statute of limitations for 
                  LACERA to make an adjustment to a member's benefit 
                  payment resulting from an error or omission;
                ii.     In cases where LACERA owes money to the 
                  retiree, provides that the statute of limitations to 
                  adjust the benefit payment shall not apply except as 
                  specified;
                iii.    Provides a ten-year statute of limitations for 
                  payment adjustment from the discovery of an erroneous 
                  payment resulting from a member's or beneficiary's 
                  death or a beneficiary's remarriage;
                iv.     Provides a ten-year statute of limitations for 
                  payment adjustment from the discovery of an erroneous 
                  payment resulting from a member's fraudulent 
                  reporting of compensation.  The ten-year limitation 
                  commences from the later of the date of payment or 
                  the discovery of the fraudulent reporting.

             a)   establishes the County Retirement System Dental Care 
               Program (Program) to provide dental care benefits to 
               county and district retirees, their survivors, and 
               eligible dependents of '37 Act retirement systems that 
               elect to offer the Program.  Retirees are responsible 
               for the full cost of the dental care premium; counties 
               electing to participate may contract with a third party 
               administrator to provide the dental care; and the 
               Program may be revised or discontinued at any time.
           
          COMMENTS  :

           1)Arguments in Support  

            a)   Electronic Signatures
           
               According to the sponsor, "A county retirement system 
               may accept a member's digital signature with the same 
               force and effect as a manual signature but only if it 
               meets the requirements of Section 16.5 of the Government 
               Code and regulations adopted by the Secretary of State.  
               Compliance with 16.5 and regulations adopted thereunder 
               is so costly and burdensome as to render it impractical 
          Glenn A. Miles
          Date:  6/04/12                                         Page 3 










               for use by county retirement systems and their members.  
               LACERA significantly limits the use of electronic 
               signatures as a result."

               LACERA states that AB 2664 would result in increased 
               efficiency, reduced costs, and better service to their 
               members by allowing '37 Act County Retirement Systems to 
               determine whether their technology is sufficient to 
               ensure electronic signature integrity.

            b)   Benefit Payment Adjustments Due to Errors or Omissions

                According to the sponsor, existing law authorizes '37 
               Act boards to reduce the monthly retirement benefits of 
               members who fraudulently report compensation or 
               overstate earnings but does not contain a statutory 
               framework to correct errors and omissions.  This bill 
               would provide LACERA with the authority to correct 
               errors and omissions.
           
             c)   Retiree Group Dental Benefits
           
               There are twenty '37 Act counties, some of which provide 
               dental plans for their retirees.  Based upon surveys of 
               counties not offering dental coverage for retirees, the 
               State Association of Counties Retirement Systems (SACRS) 
               estimates that this bill would potentially extend dental 
               coverage to 18,000 retirees and spouses.

           2)SUPPORT  :

            Los Angeles County Employees' Retirement Association 
            (LACERA), Co-sponsor
            State Association of County Retirement Systems (SACRS), 
            Co-sponsor
            American Federation of State, County and Municipal 
            Employees, AFL-CIO (AFSCME)

           3)OPPOSITION  :

            None to date

                                      #####
          Glenn A. Miles
          Date:  6/04/12                                         Page 4 










          








































          Glenn A. Miles
          Date:  6/04/12                                         Page 5