Senate Bill 1784 (Johnson – 1992)
Chapter 733, Statutes of 1992 - SB 1784
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As enacted in 1992, Senate Bill 1784 was a single-section bill that added section 31592.4 to the Government Code. (See Exhibit #1e) Senator Johnston introduced the bill on February 21, 1992 at the request of Sacramento County. (See Exhibits #1a and #3, page 1)
Senate Bill 1784 was assigned to the Senate Committee on Public Employment and Retirement and the Assembly Committee on Public Employees, Retirement and Social Security where policy issues raised by the bill were considered. (See Exhibits #3 and #8) The fiscal ramifications of the bill were considered by the Senate Committee on Appropriations and the Assembly Committee on Ways and Means. (See Exhibits #2 and #10) Three amendments were made to Senate Bill 1784. (See Exhibits #1b through #1d and #2) Subsequent to legislative approval, Governor Pete Wilson signed Senate Bill 1784 on September 16, 1992 and it was recorded by the Secretary of State on September 17th as Chapter 733 of the Statutes of 1992. (See Exhibits #1e and #2)
The Unfinished Business analysis prepared by the Office of Senate Floor Analyses provides the following digest of Senate Bill 1784 as it was last amended on June 29, 1992:
This bill dedicates, under specified conditions, excess interest earnings to retiree health subsidization, in a manner compliant with Federal tax law.
It also requires approval of both the county board of supervisors and county board of retirement.
(See Exhibit #13, page 1)