Section 10605 Of Chapter 5. Joint Legislative Retirement Committee From California Government Code >> Division 2. >> Title 2. >> Part 2. >> Chapter 5.
10605
. The committee shall establish a board of experts. The board
of experts shall include: the Controller, the chairpersons of the
investment committees of the Board of Administration of the Public
Employees' Retirement System and the Teachers' Retirement Board, the
presidents of those boards, the executive officers of those systems,
the chiefs of investment of those systems, the chief actuaries of
those systems, the pension managers and treasurers of two
corporations, a manager of a city pension fund, and a manager of a
county pension fund.
The committee shall retain as a consultant to the board of experts
an independent actuary.
The board of experts shall be reimbursed for its actual and
necessary expenses.