California § 7507.5. 7507.5. (Added by Stats. 1984, Ch. 268, Sec. 16.95.)

California Statutes

§ 7507.5. — 7507.5. (Added by Stats. 1984, Ch. 268, Sec. 16.95.)

California·Code GOV Government Code - GOV·Div. 7.·Title 1. DIVISION 7. MISCELLANEOUS·Ch. 21. CHAPTER 21. Public Pension and Retirement Plans·Art. 1. ARTICLE 1. General Provisions

It is the intent of the Legislature that the Regents of the University of California provide written notice to the Legislature of any proposed changes to retirement plan benefits, employer or employee contribution rates, or actuarial assumptions affecting the University of California Retirement System, at least 60 days prior to the effective date thereof. The written notice shall be provided to the Joint Legislative Budget Committee and the fiscal subcommittees and shall consist of:

(a)A description and explanation of each specific proposed change to the benefit structure, contribution rates, or actuarial assumptions.

(b)The actuarial impact upon future annual costs of each proposed change.

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It is the intent of the Legislature that the Regents of the University of California provide written notice to the Legislature of any proposed changes to retirement plan benefits, employer or employee contribution rates, or actuarial assumptions affecting the University of California Retirement System, at least 60 days prior to the effective date thereof. The written notice shall be provided to the Joint Legislative Budget Committee and the fiscal subcommittees and shall consist of:
(a)
A description and explanation of each specific proposed change to the benefit structure, contribution rates, or actuarial assumptions.
(b)
The actuarial impact upon future annual costs of each proposed change.

California § 7507.5. (7507.5. (Added by Stats. 1984, Ch. 268, Sec. 16.95.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.