Public retirement systems.

Existing law requires all state and local public retirement systems to prepare an annual report in accordance with generally accepted accounting principles. Existing law also requires the Controller to compile and publish a report annually on the financial condition of all state and local public retirement systems containing specified data. This bill would require, on or before July 1, 2012, the Public Employees' Retirement System, the State Teachers' Retirement System, and the University of California Retirement System each to establish and maintain an Internet Web site that allows the public to access specified information about any retired member who receives a pension of $100,000 or more annually, and specified information regarding the costs of postretirement health care benefits.