AB1323 would set compensation limits for retirement board members in Orange County, California.
AB1323 amends Section 31521 of the Government Code to establish compensation limits for certain retirement board members in Orange County. Board members can receive up to $100 for each meeting, with a maximum of five meetings per month. The compensation rate can be increased by the board of retirement to a maximum of $320, with an annual increase not exceeding 5%. This special statute applies only to Orange County due to its unique circumstances.
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