Bill Text: CA SB294 | 2015-2016 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Public employment: military service: credit.

Spectrum: Bipartisan Bill

Status: (Passed) 2016-09-27 - Chaptered by Secretary of State. Chapter 707, Statutes of 2016. [SB294 Detail]

Download: California-2015-SB294-Introduced.html

---

BILL NUMBER: SB 294	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Pan

                        FEBRUARY 23, 2015

   An act to amend Section 22350 of the Education Code, relating to
the State Teachers' Retirement System.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 294, as introduced, Pan. The State Teachers' Retirement System.

   Existing law establishes the State Teachers' Retirement System in
order to provide a financially sound plan for the retirement, with
adequate retirement allowances, of teachers in the public schools of
this state, teachers in schools supported by this state, and other
persons employed in connection with the schools. Existing law finds
and declares that it is necessary and desirable that the system
obtain the best possible investment expertise.
   This bill would make a technical, nonsubstantive change to that
provision.
   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 22350 of the Education Code is amended to read:

   22350.  The Legislature finds and declares that  the 
changing economic conditions and increasing complexity in the
investment market make it necessary and desirable that the system
obtain the best possible investment expertise.