2007 Legislation

Assembly Bill

AB 221 (Anderson) – Investments in Iran

Prohibits CalSTRS and CalPERS from investing in companies with business operations in Iran and requires each pension system to sell or transfer any investments in a company with business operations in Iran. Requires, when the U.S. repeals its sanctions against Iran, the pension boards notify the Secretary of State, and provides the prohibitions and requirements in this bill will be repealed.

Assembly Bill

AB 1316 (Bass) – Service Retirement Pending Disability

Permits a member of the Defined Benefit Program to apply for and receive a service retirement pending a determination of his or her application for disability, subject to requirements and restrictions.

  • Version: Chaptered (Chapter 332, Statutes of 2007)
  • Sponsor: Teachers’ Retirement Board
  • Location: Signed by Governor
  • Board Position: Sponsor

CalSTRS Analysis:

As Introduced 02/23/2007

Assembly Bill

AB 1432 (Soto) – Federal Law Conformity

Conforms Teachers’ Retirement Law to federal law by allowing non-participating domestic partners to roll-over benefit distributions and permitting purchase of foreign teacher service credit, subject to limitations.

  • Version: Chaptered (Chapter 513, Statutes of 2007)
  • Sponsor: Teachers’ Retirement Board
  • Location: Signed by Governor
  • Board Position: Sponsor

CalSTRS Analysis:

As Introduced 02/23/2007

Amended 05/21/2007

Assembly Bill

AJR 5 (Hernandez) – Social Security Offsets

Requests the President and the Congress to enact the Social Security Fairness Act, which would repeal the Government Pension Offset and the Windfall Elimination Provision from the Social Security Act.

  • Version: Chaptered (Resolution Chapter 116, Statutes of 2007)
  • Sponsor: Author
  • Location: Chaptered by Secretary of State
  • Board Position: Support

CalSTRS Analysis:

As Introduced 02/01/2007