County employees’ retirement: administration: Orange County.

Assembly Member Chen's proposal to modify compensation rates for Orange County retirement and investment board members would authorize increases from $100 to $320 per meeting. The change would apply specifically to fourth and fifth board members, as well as sixth, eighth, ninth, and alternate retired members in counties with nine-member boards. For boards of investments, the modification would affect compensation for fifth through ninth members.

The measure maintains the existing five-meeting monthly maximum while limiting the increased compensation authority to Orange County, designated as a county of the second class. The bill's findings cite unique local circumstances as the basis for this county-specific approach rather than a broader statewide policy. Under the proposed framework, Orange County's Board of Retirement would hold discretionary authority to implement compensation adjustments up to the new maximum rate.