California 1993-1994 Regular Session Status: Introduced

AB 216 — Retirement systems: investments.

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

In plain language

AB 216 updates retirement investment strategies for public pension funds.

This bill allows public pension funds to adjust their investment strategies to include more sustainable and diversified options. It aims to ensure better financial returns while considering environmental and social factors.

What this means for you
  • Workers: This means potential for improved pension fund performance, benefiting your retirement savings.
  • Families: Better retirement investments can lead to more secure futures for families relying on public pensions.
  • Environment: Investing in sustainable practices may contribute to environmental protection and promote responsible stewardship.

Bill Text

What changed in the latest version

1 added · 1 removed

Plain-language change summary

In the latest version of Bill AB 216, a line of text has been added to clarify a specific requirement related to the bill’s implementation. This addition helps ensure that everyone understands what is expected and can follow the new rules effectively. By making this clarification, the bill aims to avoid confusion and improve compliance among those it affects.

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Sponsors

  • Margolin · Cosponsor
  • Terry Friedman · Cosponsor
  • Barbara Friedman · Cosponsor
  • Farr · Cosponsor

Sponsorship breakdown

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0 sponsors · 4 co-sponsors · 118 not signed on

Sponsors (0)

None.

Co-sponsors (4)

  • Margolin
  • Terry Friedman
  • Barbara Friedman
  • Farr

Not signed on (118)

118 members have not signed on to this bill.

Show all 118 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

Who sponsors AB 216?
AB 216 is sponsored by Margolin, Terry Friedman, Barbara Friedman, and Farr.
What is the current status of AB 216?
This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 216?
Track AB 216 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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