California 2009-2010 Regular Session Status: To Executive

SB 867 — Public employee benefits: contribution rates: reports.

Last action — Chaptered by Secretary of State. Chapter 733, Statutes of 2010.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

The Public Employees' Retirement Law (PERL) provides a defined benefit to members of the Public Employees' Retirement System (PERS) based on age at retirement, service credit, and final compensation, as those terms are defined. The management and control of PERL is vested in the board of administration of PERL, including the calculation of the contribution rates for specified state employees and state employers. Existing law provides that a statute that imposes a requirement that a state agency submit a periodic report to the Legislature is inoperative on a date 4 years after the date the first report is due. This bill would require the board of administration of PERL, notwithstanding that requirement, to submit a report to the Legislature, the Governor, and the Treasurer describing the investment return assumptions, discount rates, and amortization periods utilized by the board in the calculations of the contribution rates and to include recalculations of those rates based on specified adjustments of the investment return assumptions, amortization periods, and discount rates utilized by the board any time it calculates the contribution rates. This bill would require the Treasurer, within 30 days following receipt of the report, to provide each house of the Legislature, at a publicly noticed floor session, with an explanation of the role played by the investment return assumption and amortization period in the calculation of the contribution rates and the consequences for future state budgets if the investment return assumptions are not realized, to report whether the board's amortization period exceeds the estimated average remaining service periods of employees covered by the contributions, and to express his or her opinion of the reasonableness of the board's calculation of the contribution rates. This bill would, notwithstanding the 4-year reporting limitations, also require the board, at any time it forecasts contribution rates, to submit a report to the Legislature with a revised calculation of the forecasted contribution rates utilizing a specified investment rate assumption. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 733, Statutes of 2010.

  2. Approved by Governor.

  3. Enrolled. To Governor at 11:45 a.m.

  4. Senate concurs in Assembly amendments. (Ayes 35. Noes 0. Page 5240.) To enrollment.

  5. Urgency clause adopted.

  6. In Senate.

  7. Read third time. Urgency clause adopted. Passed. (Ayes 67. Noes 5. Page 7143.) To Senate.

  8. Read third time. Amended. (Page 7118.) To third reading.

  9. Read second time. To third reading.

  10. Placed on second reading file.

  11. In Assembly. Read first time. Held at Desk.

  12. Read third time. Passed. (Ayes 24. Noes 5. Page 3271.) To Assembly.

  13. Read second time. To third reading.

  14. Placed on second reading file.

  15. Withdrawn from committee.

  16. To Com. on RLS.

  17. From print. May be acted upon on or after February 11.

  18. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Garrick · Cosponsor
  • Hollingsworth · Primary

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 120 not signed on · 2 voted No

Sponsors (1)

  • Hollingsworth

Co-sponsors (1)

  • Garrick

Not signed on (120)

120 members have not signed on to this bill.

Show all 120 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

W/O REF. TO FILE SB867 Hollingsworth Urgency Clause

Passed 36 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 33004
Democratic 2000
Republican 1000
Total 36004
% of votes cast 90%0%0%10%
How each member voted (40)
Member Party Vote
Cedillo — Yea
Cogdill — Yea
Florez — Yea
Hancock — Yea
Hollingsworth — Yea
Corbett — Yea
Kehoe — Yea
Leno — Yea
McLeod — Yea
Lowenthal — Yea
Negrete — Yea
Alquist — Yea
Blakeslee — Yea
Ducheny — Yea
Dutton — Yea
Pavley — Yea
Runner — Yea
Yee — Yea
Huff — Not Voting
Oropeza — Not Voting
Romero — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Aanestad — Not Voting
Ashburn — Yea
Harman — Yea
Liu — Yea
Price — Yea
Simitian — Yea
Steinberg — Yea
Wiggins — Not Voting
Wyland — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Denham — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

SB 867 Hollingsworth Third Reading Urgency By BLUMENFIELD

Passed 78 Yea · 5 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 73407
Democratic 2100
Republican 3000
Total 78507
% of votes cast 87%6%0%8%
How each member voted (90)
Member Party Vote
Hagman — Yea
Chesbro — Yea
Conway — Yea
Bill — Yea
Feuer — Yea
Fuller — Yea
Charles — Yea
Furutani — Yea
Galgiani — Yea
Garrick — Yea
Gilmore — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Hall — Yea
Fletcher — Yea
Fong — Yea
Bonnie — Yea
Lowenthal — Yea
Bass — Yea
Cook — Yea
Coto — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
Huber — Yea
Jeffries — Yea
Lieu — Yea
V. — Yea
Manuel — Yea
Perez — Yea
Salas — Yea
Audra — Yea
John — Yea
A. — Yea
Perez — Yea
Carter — Not Voting
Tom — Not Voting
Portantino — Not Voting
Saldana — Not Voting
Yamada — Yea
Mendoza — Nay
Miller — Yea
Nava — Yea
Nestande — Yea
Anderson — Nay
Beall — Not Voting
Norby — Yea
Silva — Yea
Smyth — Yea
Solorio — Yea
Swanson — Nay
Torlakson — Yea
Torrico — Yea
Tran — Yea
Villines — Yea
Adams — Nay
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Not Voting
Buchanan — Yea
Hernandez — Yea
Huffman — Yea
Knight — Yea
Logue — Yea
Ma — Yea
Monning — Yea
Nielsen — Yea
Ruskin — Yea
Skinner — Yea
Torres — Yea
Eng — Yea
Evans — Yea
Davis — Yea
DeVore — Yea
Fuentes — Yea
Gatto — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bill Berryhill — Not Voting
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Nay
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Senate 3rd Reading SB867 Committee on B. & F.R. (Ducheny)

Passed 25 Yea · 5 Nay · 10 Other
Party YeaNayPresentNot Voting
Unaffiliated 234010
Democratic 2000
Republican 0100
Total 255010
% of votes cast 63%13%0%25%
How each member voted (40)
Member Party Vote
Yee — Yea
Cedillo — Yea
Ducheny — Yea
Hancock — Yea
Lowenthal — Yea
Negrete — Yea
Kehoe — Yea
Leno — Yea
Liu — Yea
McLeod — Yea
Oropeza — Yea
Runner — Not Voting
Cogdill — Not Voting
Harman — Not Voting
Huff — Not Voting
Dutton — Nay
Ashburn — Nay
Pavley — Yea
Price — Yea
Romero — Yea
Simitian — Yea
Steinberg — Yea
Walters — Nay
Wiggins — Not Voting
Wolk — Yea
Wright — Yea
Aanestad — Not Voting
Alquist — Yea
Hollingsworth — Not Voting
Maldonado — Not Voting
Wyland — Nay
Corbett — Yea
Correa — Yea
Cox — Not Voting
DeSaulnier — Yea
Denham — Not Voting
Florez — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Nay

Official roll call →

Subjects

finance labor
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Frequently asked questions

What does SB 867 do?
The Public Employees' Retirement Law (PERL) provides a defined benefit to members of the Public Employees' Retirement System (PERS) based on age at retirement, service credit, and final compensation, as those terms are defined. The management and control of PERL is vested in the board of administration of PERL, including the calculation of the contribution rates for specified state employees and state employers. Existing law provides that a statute that imposes a requirement that a state agency submit a periodic report to the Legislature is inoperative on a date 4 years after the date the first report is due. This bill would require the board of administration of PERL, notwithstanding that requirement, to submit a report to the Legislature, the Governor, and the Treasurer describing the investment return assumptions, discount rates, and amortization periods utilized by the board in the calculations of the contribution rates and to include recalculations of those rates based on specified adjustments of the investment return assumptions, amortization periods, and discount rates utilized by the board any time it calculates the contribution rates. This bill would require the Treasurer, within 30 days following receipt of the report, to provide each house of the Legislature, at a publicly noticed floor session, with an explanation of the role played by the investment return assumption and amortization period in the calculation of the contribution rates and the consequences for future state budgets if the investment return assumptions are not realized, to report whether the board's amortization period exceeds the estimated average remaining service periods of employees covered by the contributions, and to express his or her opinion of the reasonableness of the board's calculation of the contribution rates. This bill would, notwithstanding the 4-year reporting limitations, also require the board, at any time it forecasts contribution rates, to submit a report to the Legislature with a revised calculation of the forecasted contribution rates utilizing a specified investment rate assumption. This bill would declare that it is to take effect immediately as an urgency statute.
Who sponsors SB 867?
SB 867 is sponsored by Garrick and Hollingsworth.
What is the current status of SB 867?
This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 867?
Track SB 867 free on One Click Politics — get push/email alerts when it moves.

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