2000 Legislation

Assembly Bill

AB 107 (Knox) – Tobacco Divestment

Would have prohibited new or additional investments in tobacco companies by CalSTRS and CalPERS on and after January 1, 2001, and required divestment from existing investments by July 1, 2002. Also would have provided indemnification for members of both boards of administration.

  • Version: Amended 8/08/2000
  • Sponsor: Author
  • Location: Assembly
  • Board Position: No position

CalSTRS Analysis:

As Amended 8/08/2000

As Amended 2/29/2000

Assembly Bill

AB 141 (Knox) – Earnings Limit Exemption

Extends a current exemption from the post-retirement earnings limit for retired members who are employed under specified conditions to fill an administrative position vacated due to circumstances beyond the control of the employer. 

  • Version: Chaptered (Chapter 22, Statutes of 2000)
  • Sponsor: CASBO
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 4/04/2000

Assembly Bill

AB 649 (Machado) – Concurrent Membership

Permits certificated members of the Defined Benefit Program, who become employed by the State, to retain their DB membership for their State employment. Also authorizes conversion of educational leave to DB service credit for eligible state employees.

  • Version: Chaptered (Chapter 402, Statutes of 2000)
  • Sponsor: Department of Personnel Administration
  • Location: Signed by Governor
  • Board Position: Support, if amended

CalSTRS Analysis:

As amended 6/8/00

Assembly Bill

AB 820 (PER&SS) – Minor Program/Policy Changes

Authorizes a member of the Defined Benefit Program to redeposit a portion of previously refunded contributions; also permits the purchase of previously excluded service. Allows a retired member, who is receiving an unmodified allowance, to name their new spouse as option beneficiary. Allows trustees of governing school boards to participate in the Cash Balance Benefit Program.

  • Version: Chaptered (Chapter 1020, Statutes of 2000)
  • Sponsor: CRTA, CTA
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

Assembly Bill

AB 821 (PER&SS) – One-Year Final Compensation

For members with at least 25 years of credited service, authorizes final compensation to be based on the highest average annual compensation earnable over a consecutive 12-month period.

  • Version: Chaptered (Chapter 1028, Statutes of 2000)
  • Sponsor: CTA, CFT, UTLA, ACSA
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 8/31/2000

As Amended 1/10/2000

As Amended 6/14/1999

As Amended 4/13/1999

As Introduced 2/24/1999

Assembly Bill

AB 1509 (Machado) – Defined Benefit Supplement Program

Authorizes CalSTRS to redirect 25 percent of the member’s Defined Benefit Program contribution to the member’s Defined Benefit Supplement Program account from January 1, 2001, through December 31, 2010. 

  • Version: Chaptered (Chapter 74, Statutes of 2000)
  • Sponsor: Teachers’ Retirement Board
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 6/22/2000

Assembly Bill

AB 1733 (Wildman) – Post-Retirement Earnings

Increases the post-retirement earnings limit from $19,650 to $22,000, and establishes this limit will be adjusted annually by the amount of increase in the All Urban California Consumer Price Index. Also exempts retired members, who have performed no creditable service for 12 consecutive months after retirement, from the earnings limit until January 1, 2008.

  • Version: Chaptered (Chapter 896, Statutes of 2000)
  • Sponsor: CTA
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 8/31/2000

Assembly Bill

AB 1759 (Papan) – Internet Reports

Would have required state agencies that maintain an Internet website and post a list of all reports and studies initiated and prepared by the agency.

  • Version: Enrolled 8/23/2000
  • Sponsor: Author
  • Location: Vetoed by Governor
  • Board Position: N/A
Assembly Bill

AB 2201 (Honda) – Final Compensation

Would have calculated final compensation using the highest 12 consecutive months. Also would have increased the retirement formula to 2% at age 55, provided a compounded COLA, increased purchasing power protection from 75% to 80% and required election of specified Teachers’ Retirement Board members.

  • Version: Introduced 2/24/2000
  • Sponsor: CTA
  • Location: Assembly
  • Board Position: N/A

CalSTRS Analysis:

As Introduced 2/24/2000

Assembly Bill

AB 2383 (Keeley) – Health Benefit Eligiblity for Part-Time Employees; Health Benefit Study

Authorizes agencies and school employers that contract with CalPERS for health benefits under the Public Employees Medical and Hospital Care Act to cover certain employees who work less than half-time, as specified. Also requires CalSTRS to conduct a study and report to the Legislature by April 1, 2001, on a health benefits and prescription drug program for retired members to be administered by CalPERS.

Assembly Bill

AB 2456 (Wright) – Lump-sum Payments

Allow members of the Defined Benefit Program, who retire between January 1, 2002, and December 31, 2010,  to elect to receive a portion of their defined benefit retirement in a lump-sum payment in exchange for an actuarially-reduced monthly allowance.

  • Version: Chaptered (Chapter 897, Statutes of 2000)
  • Sponsor: FACCC
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 8/31/2000

As Amended 8/14/2000

Assembly Bill

AB 2700 (Lempert) – Creditable Compensation

Makes all compensation for creditable service creditable to the Teachers’ Retirement Plan and credits member and employer contributions for service in excess of 1.000 year in each school year to the member’s Defined Benefit Supplement Program account.

  • Version: Chaptered (Chapter 1021, Statutes of 2000)
  • Sponsor: Teachers’ Retirement Board
  • Location: Signed by Governor
  • Board Position: Sponsor

CalSTRS Analysis:

As Amended 8/31/2000

As Amended 5/26/2000

As Introduced 2/25/2000