California Public Pension Reform Legislation
CCCERA’s Retirement Board scheduled a SPECIAL BOARD MEETING held on October 30, 2012, to discuss implementation of AB 197, the amendments to Government Code Section 31461 of the County Employees Retirement Law of 1937. (This is the law that governs our retirement system.) These amendments were enacted by the California State Legislature, and signed into law by Governor Brown.
This was an educational session, designed to give our active and deferred members information about the changes that will occur on January 1, 2013, due to the new law. The presentation included a discussion of the “terminal pay” issue.
Active and deferred CCCERA members and the public were invited to attend the Open Meeting to hear this presentation and discussion on how the new law will affect current members after January 1, 2013.