BILL NUMBER: AB 1354 CHAPTERED BILL TEXT CHAPTER 188 FILED WITH SECRETARY OF STATE AUGUST 27, 2010 APPROVED BY GOVERNOR AUGUST 27, 2010 PASSED THE SENATE AUGUST 2, 2010 PASSED THE ASSEMBLY AUGUST 9, 2010 AMENDED IN SENATE JUNE 24, 2010 AMENDED IN SENATE JUNE 16, 2010 INTRODUCED BY Assembly Member Fong FEBRUARY 27, 2009 An act to amend Section 31538 of, and to add Section 31485.17 to, the Government Code, relating to county employees' retirement. LEGISLATIVE COUNSEL'S DIGEST AB 1354, Fong. County employees' retirement. Under existing law, counties and districts may provide retirement benefits to their employees pursuant to the County Employees Retirement Law of 1937 (CERL). CERL provides that death benefits and survivors' allowance are payable to the survivors of a deceased member, as specified. CERL also specifies the minimum ages and years of service that are required in order to become eligible for retirement. Existing federal law regulates the provision of pension benefits and a retirement system providing pension benefits must meet prescribed requirements to maintain its tax qualified status. Federal law requires, in this regard, that a plan provide that, in the case of a participant who dies while performing qualified military service, as defined, the survivors of the participant are entitled to any additional benefits provided under the plan had the participant resumed and then terminated employment on account of death. This bill would specify that a retirement system established pursuant to CERL shall act in accordance with the requirements of federal law described above. The bill would also require that service for vesting purposes be credited to a member who dies while performing qualified military service for the period of his or her qualified military service. These provisions would apply to deaths that occur on or after January 1, 2007. CERL provides that the management of a retirement system created pursuant to its provisions is vested in a board of retirement. CERL requires that the board of retirement adjust the payment of benefits payable pursuant to the law's provisions, including cost-of-living adjustments, as necessary, in order to maximize the benefits available to members who are subject to specified limits of the Internal Revenue Code. This bill would prohibit the amount payable to a CERL retirement system member in a limitation year from exceeding the Internal Revenue Code limit as of the annuity starting date and as the limit may be increased in future years, as specified. The bill would specify that cost-of-living adjustments made to Internal Revenue Code limits continue to apply after a member's severance from employment or annuity starting date. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 31485.17 is added to the Government Code, to read: 31485.17. (a) In accordance with Section 401(a)(37) of Title 26 of the United States Code, if a member dies while performing qualified military service, as defined in Section 414(u) of Title 26 of the United States Code, the survivors of the member shall be entitled to any additional benefits that would have been provided under the retirement system had the member resumed his or her prior employment with an employer that participates in the system and then terminated employment on account of death. (b) For purposes of this section, "additional benefits" shall not include benefit accruals relating to the period of qualified military service. (c) The death of a member or former member while performing qualified military service shall not be treated as a service-connected death or disability. (d) Service for vesting purposes shall be credited to a member who dies while performing qualified military service for the period of his or her qualified military service. (e) This section shall apply to deaths occurring on or after January 1, 2007. SEC. 2. Section 31538 of the Government Code is amended to read: 31538. (a) The board shall adjust the payment of benefits payable pursuant to this part, as necessary, in order to maximize the benefits available to members who are subject to the limits of Section 415 of the Internal Revenue Code. Those adjustments shall include, but are not limited to, cost-of-living adjustments, cost-of-living banks, temporary annuities, survivor continuance benefits, or any combinations thereof. (b) The amount payable to a member in any limitation year, including cost-of-living adjustments, shall not exceed the limit established under Section 415(b) of the Internal Revenue Code at the annuity starting date, and as may be increased in subsequent years pursuant to Section 415(d) of the Internal Revenue Code and applicable regulations. (c) The cost-of-living adjustments made pursuant to Section 415(d) of the Internal Revenue Code to the limit established under Section 415(b) of the Internal Revenue Code continue to apply after a member' s severance from employment or annuity starting date.