Section 22212.5 Of Chapter 3. Retirement Board From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 3.
22212.5
. (a) Except as otherwise provided in subdivision (d), this
section shall apply to the following positions in the system: chief
executive officer, system actuary, general counsel, chief investment
officer, and other investment officers and portfolio managers whose
positions are designated managerial pursuant to Section 18801.1 of
the Government Code.
(b) Notwithstanding Sections 19816, 19825, 19826, 19829, and 19832
of the Government Code, the board shall fix the compensation for the
positions specified in subdivision (a). In so doing, the board shall
be guided by the principles contained in Sections 19826 and 19829 of
the Government Code, consistent with its fiduciary responsibility to
its members to recruit and retain highly qualified and effective
employees for these positions.
(c) When a position specified in subdivision (a) is filled through
a general civil service appointment, it shall be filled from an
eligible list based on an examination that was held on an open basis,
and tenure in those positions shall be subject to the provisions of
Article 2 (commencing with Section 19590) of Chapter 7 of Part 2 of
Division 5 of Title 2 of the Government Code. In addition to the
causes for action specified in that article, the board may take
action under the article for causes related to its fiduciary
responsibility to its members, including the employee's failure to
meet specified performance objectives.
(d) An individual who held a position designated in subdivision
(a), or was a member of the board, a chief of staff, a deputy chief
executive officer, chief financial officer, or was in an equivalent
senior management position, shall not, for a period of two years
after leaving that position, for compensation, act as agent or
attorney for, or otherwise represent, any other person, except the
state, by making any formal or informal appearance before or by
making any oral or written communication to the board, or any officer
or employee thereof, if the appearance or communication is made for
the purpose of influencing administrative or legislative action or
any action or proceeding involving the issuance, amendment, awarding,
or revocation of a permit, license, grant, contract, or sale or
purchase of goods or property.