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SB 637 California Senate · 2011-2012 Regular Session

County employees' retirement: board of investment: powers.

Summary
The County Employees Retirement Act of 1937 prescribes the rights, benefits, and duties of members of the retirement systems established pursuant to its provisions. The act vests the management of these systems in a retirement board except in certain instances in which certain functions may be delegated to a board of investment. The act permits the retirement system of a county that exceeds a specified threshold of assets to form a board of investment which is responsible for all investments of the system. Existing law, applicable to Los Angeles County, authorizes a board of retirement to exercise the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, as specified, for matters within the board's jurisdiction. This bill would extend the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, described above, to the Board of Investment of the Los Angeles County Employees Retirement Association.
Bill status signed all 5 stages cleared
Introduction
Feb 2011
Committee Review
Jun 2011
Senate Passage
Apr 2011
Assembly Passage
Jun 2011
Signed into Law
Jul 2011
Introduced Feb 18, 2011 Signed Jul 1, 2011
Floor votes · Senate Apr 25, 2011 · Assembly Jun 15, 2011

How they voted

35–0
Passed
Total votes 35
Apr 25, 2011
D Democratic23
23 Yea
100% Yea
R Republican12
12 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
5
Committee
4
Jun 29, 2011
Signed into law
Approved by the Governor.
legislature
Jun 15, 2011
Assembly · Passed
Assembly Vote: pass (69-0-3)
assembly
Jun 8, 2011
Lower · Passed
From committee: Do pass. Ordered to consent calendar. (Ayes 6. Noes 0.) (June 8).
lower
May 2, 2011
Committee
Referred to Com. on P.E., R. & S.S.
lower
Apr 25, 2011
Senate · Passed
Senate Vote: pass (35-0)
senate
Apr 12, 2011
Upper · Passed
From committee: Do pass. Ordered to consent calendar. (Ayes 5. Noes 0. Page 621.) (April 11).
upper
Mar 3, 2011
Committee
Referred to Com. on P.E. & R.
upper
Feb 18, 2011
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.