HomeMy WebLinkAbout08.a.3) Pension legislation updateg.a. s)
Central Contra Costa Sanitary District
August 26, 2011
TO: HONORABLE BOARD OF DIRECTORS
VIA: JAMES M. KELLY, GENERAL MANAGER &V
FROM: RANDALL M. MUSGRAVES, DIRECTOR OF ADMINISTRATION PA
MICHAEL SCAHILL, COMMUNICATION SERVICES MANAGEk2k�j
SUBJECT: SENATE AND ASSEMBLY BILLS COVERING ENHANCED BENEFITS
Only three more weeks remain in the 2011 Legislature calendar.
September 9 is the last day for any bill to be passed and Recess begins upon
adjournment that day.
October 9 is the last day for the Governor to sign or veto bills passed by the Legislature
on or before September. 9
The Legislature will not reconvene until January 4, 2012.
There are no Legislative sessions scheduled for today, August 26. As of today, this is
where the two pension - related bills stood:
Assembly Bill 340: County Employees Retirement; post- retirement service
Passed by Assembly 73 — 0 (7 not voting or absent) on May 12, 2011
Passed by Senate 35 — 0 on July 11.
Returned to Assembly on July 11 for Concurrence on Senate amendments. No
action to date.
The key elements of the amended bill include:
• Bill would prohibit spiking during last year of employment.
• Effective January 1, 2012, retired person would be prohibited from reemployment
without reinstatement until at least 180 days have passed.
Senate Bill 27: Public retirement: final compensation:
Passed by Senate 39 — 0 on June 1, 2011
Now in Assembly. First reading; referred to Appropriations Committee. No action
to date. No hearing date scheduled.
The key elements of the amended bill include:
• Covers members of CaISTRS and CalPERS
• Would end spiking
• Calculation of final compensation would be limited to the average of highest paid
12 or 36 months of employment.
• A person who retires on or after January 1, 2013 may not work for any employer
covered by state or local retirement system for at least 180 days.
• Provisions become effective on July 1, 2012.