Existing law provides $100-per-meeting compensation for members of the boards of supervisors of the State Teachers’ Retirement System (STRS), Public Employees’ Retirement System (PERS), and county retirement systems. Different statutes govern the compensation of specified retirement and investment board members, including particular specific provisions applicable to Los Angeles County Employees Retirement Association (LACERA).
AB 1619 raises the authorized compensation to $320 for specified board and board committee meetings. For the applicable county provisions, the higher rate only becomes operative when it is publicly noticed and adopted by majority vote of the applicable county board of supervisors, which may not take place by way of action taken through the consent calendar. The same $320 ceiling is provided for specified LACERA retirement and investment board members.
AB 1619 amends Education Code Section 22223 and Government Code Sections 20091, 31521, and 31521.1.
