AB 736 (Cooley) – Expand Board’s Authority over COO and CFO
Adds Chief Operating Officer and Chief Financial Officer to those positions for which the Teachers’ Retirement Board has authority to establish desired competencies, set terms and conditions of employment and fix the compensation levels. Imposes limits on annual salary increases paid to a person who served in either position on January 1, 2016, and who does not separate from service prior to the increase. Limits the number of each of the positions under the board’s authority, except for investment officers, to one.
- Version: Chaptered (Chapter 553, Statutes of 2016)
- Sponsor: CalSTRS
- Location: Signed by Governor
- Board Position: Sponsor