AB 1247, tweaks fund reporting requirements that were enacted as part of the 2010-11 budget package. The changes include limiting the report's scope to state employee pension plans and eliminating a requirement that the state treasurer publicly assess the reasonableness of CalPERS' contribution rate calculations.
Assemblyman Nathan Fletcher, R-San Diego, wrote the bill. It cleared the Legislature without a single dissenting vote. Fletcher is running for San Diego mayor next year.
IMAGE: Assemblyman Nathan Fletcher / www.asm.ca.gov