Assembly Bill

AB 873 (Furutani) – Prohibition on Employment after Separation from Pension System

Prohibits specified CalSTRS employees from engaging in certain employment activities after leaving service with CalSTRS for a period of four years. Also limits for a period of two years, aiding, advising, consulting with or assisting a business entity in obtaining the award of, or in negotiating, a contract or contract amendment with CalSTRS, if done for compensation.  Prohibits specified CalSTRS employees from accepting compensation for providing services as a placement agent, for a period of 10 years after leaving service with CalSTRS, in connection with CalSTRS investments or other business.

Version: Chaptered (Chapter 551, Statutes of 2011)

Sponsor: State Controller

Location: Signed by Governor

Board Position: Support, if amended

CalSTRS Analysis:

As amended 6/20/2011

As amended 4/14/2011

As introduced 2/17/2011

Commands