Other changes in store include a mandatory waiting period between the departure of an official and when that official can return to the same job as a contractor. The bill is in response to various stories that have emerged over the last year of officials “double dipping,” earning their pension and a healthy salary as a contractor doing their former jobs.
The new measures would affect 20 county pensions that operate independent of CalPERS.
From the Sacramento Bee:
Independent county government pension boards in California will have to stop counting bonuses and some unused leave cash outs when calculating pensions, according to a measure that Senators passed without opposition today.
Assembly Bill 340 also curbs retiree “double dipping” in those so-called “37 Act Counties” by mandating a waiting period between the time they leave service and when they could return to their former jobs.
The bill, authored by Assemblyman Warren Furutani, D-Gardena, cleared the Senate 35-0 and is now back with the Assembly for a concurrence vote on tweaks made in the upper chamber. Assuming the Assembly signs off, the measure would go on to Gov. Jerry Brown’s desk.
Read the full article here.