Bill Text: CA SB278 | 2009-2010 | Regular Session | Introduced

---

Bill Title: CalPERS: Board of Administration.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB278 Detail]

Download: California-2009-SB278-Introduced.html

---

BILL NUMBER: SB 278	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Negrete McLeod

                        FEBRUARY 24, 2009

   An act to amend Section 20090 of the Government Code, relating to
public employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 278, as introduced, Negrete McLeod. CalPERS: Board of
Administration.
   Existing law vests the management and control of the Public
Employees' Retirement System in the Board of Administration. Existing
law sets forth the membership of the board, including an official of
a life insurer.
   This bill would specify that the membership of the board shall
include an official of a domestic or foreign life insurer.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 20090 of the Government Code is amended to
read:
   20090.  The Board of Administration of the Public Employees'
Retirement System is continued in existence. It consists of:
   (a) One member of the State Personnel Board, selected by and
serving at the pleasure of the State Personnel Board.
   (b) The Director of the Department of Personnel Administration.
   (c) The Controller.
   (d) The State Treasurer.
   (e) An official of a  domestic or foreign  life insurer
and an elected official of a contracting agency, appointed by the
Governor.
   (f) One person representing the public, appointed jointly by the
Speaker of the Assembly and the Senate Committee on Rules.
   (g) Six members elected under the supervision of the board as
follows:
   (1) Two members elected by the members of this system from the
membership thereof.
   (2) A member elected by the active state members of this system
from the state membership thereof.
   (3) A member elected by and from the active local members of this
system who are employees of a school district or a county
superintendent of schools.
   (4) A member elected by and from the active local members of this
system other than those who are employees of a school district or a
county superintendent of schools.
   (5) A member elected by and from the retired members of this
system.