Today's Law As Amended


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SB-431 Public employees’ retirement.(2007-2008)



As Amends the Law Today


SECTION 1.

 Section 20815.5 is added to the Government Code, to read:

20815.5.
 (a) The board shall, within its existing resources, prepare both of the following:
(1) For the joint contract of Butte County and the Butte County trial court, a one-time separate computation of the assets and liabilities of the Butte County trial court and those of Butte County, as determined by the actuary.
(2) For the joint contract of Solano County and the Solano County trial court, a one-time separate computation of the assets and liabilities of the Solano County trial court and those of Solano County, as determined by the actuary.
(b) For purposes of this section and the computation of assets and liabilities, the following shall apply:
(1) A person shall be deemed a trial court employee for service that satisfies either of the following:
(A) If the person was employed by the trial court on January 1, 2001, all continuous service for the county immediately preceding January 1, 2001, regardless of whether that service was as a county employee or a county employee assigned to the trial court.
(B) Any service on or after January 1, 2001, that the person is employed by the trial court.
(2) A person shall be deemed a county employee for service that satisfies any of the following:
(A) Any period of service prior to January 1, 2001, that is not described in subparagraph (A) of paragraph (1).
(B) Any service on or after January 1, 2001, that the person is employed by the county.
(c) On or before March 1, 2008, each respective trial court and county described in subdivision (a) shall identify and send to the board the following information:
(1) Those active, inactive, and retired members that are considered county employees and those active, inactive, and retired members that are considered trial court employees.
(2) Any lump-sum payments previously made by either the county or the trial court to the system that covers the period from January 1, 2001, to January 1, 2008, inclusive.
(d) On or before October 1, 2008, the board shall forward the computation described in subdivision (a) to each respective county and the trial court for that county. The computation shall be based upon the most recent annual actuarial valuation at the time the data described in subdivision (c) is received by the board.
(e) Nothing in this section shall be construed to effect the combined calculation of assets and liabilities for purposes of setting the employer contribution rate for both a county and a trial court as described in subdivision (b) of Section 20815.
SEC. 2.
 Item 8380-001-8049 is added to Section 2.00 of Chapter 172 of the Statutes of 2007, to read:
8380-001-8049—For support of the Department of Personnel Administration, payable from the Vision Care Program for State Annuitants Fund ........................
6,500,000
Provisions:
1.The funds appropriated in this item are to be expended for the Vision Care Program for State Annuitants.
SEC. 3.
 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order for the provisions of this act to apply as soon as possible in the 2007–08 fiscal year to facilitate the orderly administration of state government at the earliest possible time, it is necessary that this act take effect immediately.