Retirement Benefits For Nonjudicial And Nonlegislative Elected State Constitutional Officers

RETIREMENT BENEFITS FOR NONJUDICIAL AND NONLEGISLATIVE ELECTED STATE CONSTITUTIONAL OFFICERS. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Presently retirement benefits for nonjudicial and nonlegislative elected state constitutional officers are governed by statute and differ depending upon the dates such officers held office. For those who took office prior to October 7, 1974, their retirement benefits have been increased as the compensation paid their successors has increased. This measure amends the Constitution to preclude the retirement benefits of any nonlegislative or nonjudicial elected state constitutional officers from increasing or being affected by changes in compensation payable to their successors on or after November 5, 1986. Summary of Legislative Analyst\u27s estimate of net state and local government fiscal impact: This measure would reduce the future retirement benefits of fewer than 20 people, resulting in annual state savings of about $400,000. The state would realize savings because these retirement benefits would not be adjusted for increases in the salaries of state elected officials due to take effect in January 1987 and in future years