Cathleen Galgiani
- Democratic
Author
The California Constitution establishes the University of California as a public trust with full powers of organization and government, subject only to specified limitations. Under this independent constitutional authority, the University of California established retirement systems to provide various retirement benefits to its members. Existing law prohibits the University of California from contracting for services unless a contractor certifies that the services will be performed solely by workers within the United States or if the contractor's bid describes any work that will be performed by workers outside the United States. This bill would prohibit the University of California from contracting for services with an asset manager for a defined contribution plan if that plan is a stand-alone optional plan that is not a complement to a defined benefit pension plan. The bill would apply this prohibition to a contract entered into on or after January 1, 2015.
Returned to Secretary of Senate pursuant to Joint Rule 56.
April 24 set for first hearing. Failed passage in committee. (Ayes 2. Noes 4. Page 796.) Reconsideration granted.
Set for hearing April 24.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
Read first time.
From printer. May be acted upon on or after March 27.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB715 | HTML |
| 02/22/19 - Introduced | |
| 03/28/19 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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