BILL ANALYSIS �
AB 2474
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Date of Hearing: May 7, 2014
ASSEMBLY COMMITTEE ON PUBLIC EMPLOYEES, RETIREMENT AND SOCIAL
SECURITY
Rob Bonta, Chair
AB 2474 (P.E.,R.& S.S. Com.) - As Amended: April 28, 2014
SUBJECT : County employees retirement: benefits.
SUMMARY : Makes various technical corrections and conforming
changes that align the County Employees' Retirement Law of 1937
('37 Act) with the provisions of the Public Employees' Pension
Reform Act of 2013 (PEPRA), as enacted in AB 340 (Furutani),
Chapter 296, Statutes of 2012. Specifically, this bill :
1)Clarifies the process for calculating final compensation for
members who are on a leave of absence during the three year
final compensation period or in the event there is not three
years of earned pensionable compensation.
2)Conforms provisions of the '37 Act governing the loss of
member in the retirement system to the PEPRA requirements for
benefit forfeiture in the event of a felony conviction.
3)Clarifies references to employee classifications by
designating the position as "safety" or "nonsafety", as
contained in PEPRA, rather than referring to multiple safety
employee classifications.
4)Adds the term "pensionable compensation", as defined in PEPRA,
to the '37 Act's various death benefit provisions so that
benefits may be calculated appropriately.
5)Adds the term "pensionable compensation", as defined in PEPRA,
to the '37 Act's various provisions governing the purchase of
service for members who served in the military so that the
cost may be calculated appropriately.
EXISTING LAW :
1)Establishes the '37 Act, which provides for retirement systems
for county and district employees in those counties adopting
its provisions. Currently 20 counties operate retirement
systems under the '37 Act.
AB 2474
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2)Establishes comprehensive public employee pension reform
through enactment of PEPRA that apply to all public employers
and public pension plans on and after January 1, 2013,
excluding the University of California and charter cities and
counties that do not participate in a retirement system
governed by state statute.
FISCAL EFFECT : Unknown. This bill is keyed non-fiscal by
Legislative Counsel.
COMMENTS : According to the sponsor of the bill, the State
Association of County Retirement Systems, this bill will ensure
continued implementation of PEPRA as intended by placing the
act's requirements in the '37 Act.
REGISTERED SUPPORT / OPPOSITION :
Support
State Association of County Retirement Systems (Sponsor)
Opposition
None on file
Analysis Prepared by : Karon Green / P.E., R. & S.S. / (916)
319-3957