BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 349
                                                                  Page  1

          Date of Hearing:   July 6, 2011

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                 SB 349 (Negrete McLeod) - As Amended:  May 26, 2011 

          Policy Committee:                             PERSS Vote:6-0

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:              

           SUMMARY  

          This bill makes technical, clarifying and non-controversial 
          changes to various sections of the Education Code administered 
          by the California State Teachers' Retirement System (CalSTRS) to 
          improve and continue effective administration of the System.  
           
          FISCAL EFFECT  

          The cost to CalSTRS of administering these provisions is minor 
          and absorbable.  

           COMMENTS  

           Purpose  .  According to the bill's sponsor, CalSTRS, SB 349 makes 
          various technical and conforming changes, in addition to minor 
          policy changes, to the Teachers' Retirement Law and will 
          facilitate efficient administration of the State Teachers' 
          Retirement Plan.  They argue that SB 349 will help ensure 
          continued effective and efficient plan administration and 
          compliance with federal law and make conforming changes to 
          reconcile differences between the Defined Benefit and Covered 
          Benefit programs.




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