New Laws
Jan. 7, 2015
SB 673: Retirement fund divorces its country
On Aug. 25, 2014, Gov. Jerry Brown signed Senate Bill 673. The Contra Costa County-specific bill was a landmark shift in the formal recognition of public employee retirement funds as agencies independent from their sponsor counties.
On Aug. 25, 2014, Gov. Jerry Brown signed Senate Bill 673. The Contra Costa County-specific bill was a landmark shift in the formal recognition of public employee retirement funds as agencies independent from their sponsor counties.
Years ago, Californians became alarmed by political interference in the management of public employee retirement plans. Representing a tempting pool of money for politicians to raid, public employee re...
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