2002 Legislation

Assembly Bill

AB 131 (Corbett) – Federal Tax Law Conformity

Conforms California law to the rollover and service credit provisions of the federal Economic Growth and Tax Relief Reconciliation Act of 2001. Permits members retiring in 2002 to purchase service credit with newly-authorized rollover funds.

  • Version: Chaptered (Chapter 30, Statutes of 2002)
  • Sponsor: Author
  • Location: Signed by Governor
  • Board Position: Support, if amended

CalSTRS Analysis:

As Amended 4/04/2002

Assembly Bill

AB 1710 (Negrete McLeod) – Retirement Coverage for Part-Time Community College Faculty

Requires community college districts to offer Social Security and a qualified  alternative retirement plan to of all their part-time employees. Also requires a minimum employer contribution rate of 4 percent with a total minimum contribution of 8 percent for any qualified alternative plan.

  • Version: Enrolled 8/30/2002
  • Sponsor: FACCC
  • Location: Vetoed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 2/20/2002

Assembly Bill

AB 1744 (Corbett) – Federal Tax Law Conformity

Conforms California law to the rollover and service credit provisions of the federal Economic Growth and Tax Relief Reconciliation Act of 2001 by permitting members, who retire in 2002, to purchase service credit with newly-authorized rollover funds.

  • Version: Amended 1/31/2002
  • Sponsor: Author
  • Location: Assembly
  • Board Position: Support, if amended

CalSTRS Analysis:

As Amended 1/31/2002

Assembly Bill

AB 2137 (Lowenthal) – Additional Service Credit

Provides two additional years of service credit to specified members with National Board Certification who perform 3 years of credited service after January 1, 2003, in a low-performing school.

  • Version: Introduced 2/20/2002
  • Sponsor: Author
  • Location: Assembly
  • Board Position: N/A
Assembly Bill

AJR 6 (Canciamilla) – Federal Retirement Security and Savings Act

Requests that Congress enact legislation similar to H.R. 1102 from 2001, to raise contribution limits and expand pension portability among various types of public and private pension and retirement plans.

  • Version: Chaptered (Resolution Chapter 121, Statutes of 2002)
  • Sponsor: State Association of County Retirement Systems
  • Location: Chaptered by the Secretary of State
  • Board Position: Support

CalSTRS Analysis:

As Introduced 3/05/2001

Senate Bill

SB 728 (Machado) – State Employee Members of CalSTRS

Ratifies collective bargaining agreements and temporarily reduces member contribution rates to specified state members of CalSTRS and CalPERS.

  • Version: Chaptered (Chapter 14, Statutes of 2002)
  • Sponsor: Department of Personnel Administration
  • Location: Signed by Governor
  • Board Position: No Position, note concerns

CalSTRS Analysis: