2005 Legislation

Assembly Bill

AB 55 (Mullin) – Supplemental Benefit Maintenance Account

Increases contributions to the Supplemental Benefits Maintenance Account beginning in fiscal year 2008-09 through 2012-2013 to offset reduced contributions in 2003-04.

  • Version: Enrolled 9/8/05
  • Sponsor: Teachers’ Retirement Board, CTA, CRTA
  • Location: Vetoed by the Governor
  • Board Position: Co-Sponsor

CalSTRS Analysis:

Amended 8/30/2005

Amended 8/15/2005

Amended 7/12/2005

Amended 3/09/2005

Assembly Bill

AB 256 (De La Torre) – School Employee Health Care Study

Among other things, requires CalPERS consult with CalSTRS to evaluate the feasibility of creating a single statewide health care pool for all school employees and report its findings to the Legislature.

  • Version: Chaptered (Chapter 708, Statutes of 2005)
  • Sponsor: CSEA
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

Amended 9/01/2005

Amended 6/23/2005

Amended 4/11/2005

Assembly Bill

AB 387 (Arambula) – Retiree Health Benefit Reporting Standards

Requires the State Department of Education to develop actuarial study standards for school districts that provide their retirees with health and welfare benefits and report annually on districts’ progress funding those benefits. Also requires districts to perform an actuarial study of their retiree health and welfare benefit liabilities, identify a funding source and provide for payment in their budgets.

  • Version: Amended 4/14/05
  • Sponsor: Author
  • Location: Assembly
  • Board Position: N/A
Assembly Bill

AB 1044 (Aghazarian) – Elected Official Retirement Forfeiture

Requires an elected public officer convicted of a felony arising out of his or her official duties to forfeit the retirement benefits that accrue on or after January 1, 2006, solely as a result of his or her service in office and shall receive only the employee contributions made during his or her term.

  • Version: Chaptered (Chapter 322, Statutes of 2005)
  • Sponsor: Author
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

Amended 8/22/2005

Assembly Bill

ACR 11 (Dymally) – Investments in Sudan

Encourages CalSTRS and CalPERS to persuade companies doing business in Sudan to avoid taking actions that promote or enable human rights violations in that country.

  • Version: Chaptered (Resolution Chapter 98, Statues of 2005) 
  • Sponsor: Author
  • Location: Chaptered by Secretary of State
  • Board Position: Support

CalSTRS Analysis:

Amended 4/18/2005

Senate Bill

SB 439 (Simitian) – Public Records Act

Specifies the information related to public retirement systems alternative investments that is subject to disclosure or protected from disclosure under the California Public Records Act.

  • Version: Chaptered (Chapter 258, Statutes of 2005)
  • Sponsor: University of California; CalPERS
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

Amended 5/23/2005

Senate Bill

SB 525 (Torlakson) – Termination Benefits

Reduces the period that a member of the Defined Benefit Supplement Program and a participant of the Cash Balance Benefit Program must wait before receiving a a termination benefit from one year to six months. Also prohibits the payment of more than one termination benefit under either program during a single five-year period.

  • Version: Chaptered (Chapter 661, Statutes of 2005)
  • Sponsor: Teachers’ Retirement Board
  • Location: Signed by Governor
  • Board Position: Sponsor

CalSTRS Analysis:

As Amended 5/27/2005

As Introduced 2/18/2005

Senate Bill

SB 758 (Maldonado) – Post-Retirement Earnings Limit Exemption

Would create an exemption from the postretirement earnings limit for a retired member who is employed as a mentor for a principal to facilitate interventions for schools pursuant to certain state or federal provisions, subject to approval by the State Board of Education in consultation with the Superintendent of Public Instruction, and other restrictions.

  • Version: Introduced 2/22/05
  • Sponsor: Governor’s Office
  • Location: Senate
  • Board Position: N/A

CalSTRS Analysis:

Introduced 2/22/2005

Senate Bill

SB 916 (Speier) – Workers’ Compensation Offsets

Would have reduced the amount of workers’ compensation benefits paid to a member of the Defined Benefit Program who receives a disability or retirement allowance from CalSTRS so the total amount of benefits received does not exceed 90 percent of the member’s final compensation.

  • Version: Introduced 2/22/05
  • Sponsor: Orange County
  • Location: Senate 
  • Board Position: N/A
Senate Bill

SB 973 (Kuehl) – Retirement Options

Makes various technical changes to the provisions of the Teachers’ Retirement Law that implemented the California Domestic Partner Rights and Responsibilities Act of 2003, including but not limited to, conforming spousal signature requirements on pre-retirement option election forms.

  • Version: Chaptered (Chapter 418, Statutes of 2005)
  • Sponsor: Equality California
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

Amended 8/25/2005

Senate Bill

SB 1055 (Bowen) – Teachers’ Retirement Board Composition

Requires that Senate confirmation of Governor’s appointees to the Teachers’ Retirement Board shall occur within a 90-day period and prohibits appointees from sitting on the Board or voting on any proposal until they have been confirmed.

  • Version: Amended 3/29/05
  • Sponsor: Author
  • Location: Senate 
  • Board Position: N/A
Senate Bill

SB 1094 (Soto) – Creditable Compensation

Specifies that money paid to a member of the Defined Benefit Program as a housing stipend or car allowance may not be used for purposes of calculating final compensation.

  • Version: Amdended 4/12/05
  • Sponsor: CFT
  • Location: Senate
  • Board Position: N/A