AB 1310: Public retirement systems: member statements: unfunded liability disclosure.
- Session Year: 2017-2018
- House: Assembly
- Latest Version Date: 2017-02-17
Existing law establishes various public agency retirement systems, including the Public Employees Retirement System, the State Teachers Retirement System, the Judges Retirement System II, and various county retirement systems pursuant to the County Employees Retirement Law of 1937, among others, and these systems provide defined benefits to public employees based on age, service credit, and amount of final compensation. Under existing law, benefits provided to members of those systems are generally funded by employer contributions, employee contributions, and investment returns.
This bill would require the retirement board of a public retirement system, as defined, to disclose the unfunded liability and healthcare debt of the system on each member statement provided to members of the system.
(a)The retirement board of a public retirement system shall disclose the unfunded liability and healthcare debt of the system on each member statement provided to members of the system.
(b)For purposes of this section, public retirement system means a state or local public employee retirement system but does not include a retirement system created by an entity described in Section 9 of Article IX of, or Section 4 or 5 of Article XI of, the California Constitution.
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Date
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Status
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| May 22, 2017 | From committee: Without further action pursuant to Joint Rule 62(a). |
| Apr 19, 2017 | In committee: Set, first hearing. Failed passage. |
| Mar 13, 2017 | Referred to Com. on P.E., R., & S.S. |
| Feb 19, 2017 | From printer. May be heard in committee March 21. |
| Feb 17, 2017 | Read first time. To print. |
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Date
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Description
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Location
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Votes
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|---|---|---|---|---|
| Apr 19, 2017 | Do pass and be re-referred to the Committee on [Appropriations] | Assembly Standing Committee on Public Employees, Retirement, and Social Security |
Failed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
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Organization
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Position
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Date
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|---|---|---|
| Aaron Reed and Associates | * Against | Apr 19, 2017 |
| American Federation of State, County and Municipal Employees | * Against | Apr 19, 2017 |
| California Association Of Professional Scientists | ** Against | Apr 18, 2017 |
| California Federation Of Teachers | * Support | Apr 19, 2017 |
| California Labor Federation, Afl-Cio | * Against | Apr 19, 2017 |
| California Professional Firefighters | * Against | Apr 19, 2017 |
| California Retired Teachers Association | * Against | Apr 19, 2017 |
| California School Employees Association | * Against | Apr 19, 2017 |
| California State Teachers Retirement System | * Against | Apr 19, 2017 |
| California Teachers Association | * Against | Apr 19, 2017 |
| Faculty Association Of California California Commuity Colleges | * Against | Apr 19, 2017 |
| Los Angeles County Professional Peace Officers Association | ** Against | Apr 18, 2017 |
| Orange County Employees Association | ** Against | Apr 18, 2017 |
| Organization Of Smud Employees | ** Against | Apr 18, 2017 |
| Professional Engineers In California Government | ** Against | Apr 18, 2017 |
| San Diego County Court Employees Association | ** Against | Apr 18, 2017 |
| San Luis Obispo County Employees Association | ** Against | Apr 18, 2017 |
| Service Employees International Union, Local 1000 | ** Against | Apr 18, 2017 |
Discussed in Hearing
14MIN
Assembly Standing Committee on Public Employees, Retirement, and Social Security
Bill Author
Bill Co-Author(s):