SB 13 addresses a number of technical clean up provisions needed to implement pension reforms in last year’s AB 340 (Furutani; 2012).
In addition to SB 13, three other pension clean up bills, SB 215 (Beall), SB 216 (Beall), and SB 217 (Beall) have been introduced. These bills will conform individual retirement laws to the changes made in AB 340.
For more background on this issue, please see the Feb. 4 CA Cities Advocate story
“Pension Reform Implementation and Cleanup Legislation.”
The League will continue to monitor the progress of clean up legislation and regulatory efforts to ensure that the integrity of AB 340 remains intact.
For questions about these bills please contact Natasha Karl.