Fran Pavley
- Democratic
Author
Existing law establishes the Public Employees' Retirement System and the State Teachers' Retirement System. These systems provide defined pension benefits to public employees based on age, service credit, and final compensation. The California Constitution confers upon the retirement boards of public retirement systems plenary authority and fiduciary responsibility for the investment of moneys of those systems. This bill would authorize these public retirement system boards, consistent with their fiduciary duties and the standard for prudent investment, to prioritize investment in an in-state infrastructure project over a comparable out-of-state infrastructure project.
Chaptered by Secretary of State. Chapter 760, Statutes of 2012.
Approved by the Governor.
Enrolled and presented to the Governor at 1:30 p.m.
Assembly amendments concurred in. (Ayes 37. Noes 0. Page 4698.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 51. Noes 23. Page 6007.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 4. Noes 0.) (June 20).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 3218.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 4. Noes 0. Page 3104.) (April 9).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R.
Set for hearing April 9.
From printer. May be acted upon on or after February 5.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB955 | HTML |
| 01/05/12 - Introduced | |
| 03/29/12 - Amended Senate | |
| 05/17/12 - Amended Assembly | |
| 05/25/12 - Amended Assembly | |
| 06/12/12 - Amended Assembly | |
| 08/23/12 - Enrolled | |
| 09/29/12 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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