California 2009-2010 Regular Session Status: Passed Assembly

AB 1913 — Retirement: pension fund.

Last action — From Senate committee without further action.

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

This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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.

Summary

The Public Employees' Retirement Law creates the Public Employees' Retirement Fund, which is a trust fund created and administered solely for the benefit of the members and retired members of this system and their survivors and beneficiaries. The Board of Administration of the Public Employees' Retirement System has the exclusive control of the administration and investment of the retirement fund. The Teachers' Retirement Law establishes the State Teachers' Retirement System in order to provide a financially sound plan for the retirement, with adequate retirement allowances, for teachers in public schools of the state, teachers in schools supported by the state, and other persons employed in connection with the schools. The plan and the system are administered by the Teachers' Retirement Board. This bill would require the Board of Administration of the Public Employees' Retirement System and the Teachers' Retirement Board, on or before January 1, 2012, until January 1, 2016, to report annually to the Legislature the ethnicity and gender of emerging investment managers, as defined, who participate in managing its portfolio of fund management contracts, as specified. The bill would also require the board to develop and include in the report plans and strategies to increase the participation of emerging investment managers until they manage at least 10% of the board's actively managed portfolio.

Bill Text

Action History

  1. From Senate committee without further action.

  2. Referred to Com. on RLS.

  3. In Senate. Read first time. To Com. on RLS. for assignment.

  4. Read third time, passed, and to Senate. (Ayes 44. Noes 25. Page 5248.)

  5. Read second time. To third reading.

  6. From committee: Do pass. (Ayes 11. Noes 5.) (May 12).

  7. Re-referred to Com. on APPR.

  8. Read second time and amended.

  9. From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (April 21).

  10. Re-referred to Com. on P.E.,R. & S.S.

  11. From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E.,R. & S.S. Read second time and amended.

  12. Referred to Com. on P.E.,R. & S.S.

  13. From printer. May be heard in committee March 19.

  14. Read first time. To print.

Sponsors

  • Davis · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 3 voted No

Sponsors (1)

  • Davis

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"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

Votes

AB 1913 DAVIS Assembly Third Reading

Passed 50 Yea · 27 Nay · 14 Other
Party YeaNayPresentNot Voting
Unaffiliated 4526014
Democratic 3000
Republican 2100
Total 5027014
% of votes cast 55%30%0%15%
How each member voted (91)
Member Party Vote
Hagman — Nay
Hall — Yea
Carter — Yea
Feuer — Yea
Chesbro — Yea
Davis — Yea
Furutani — Yea
Galgiani — Yea
Charles — Yea
Hayashi — Yea
Hernandez — Yea
Hill — Yea
De — Yea
Leon — Yea
Fong — Yea
Bass — Yea
Beall — Yea
Block — Yea
Huffman — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Yea
Conway — Nay
Bill — Nay
Tom — Nay
Evans — Not Voting
Garrick — Nay
Yamada — Yea
Gilmore — Nay
De — Not Voting
La — Not Voting
Torre — Not Voting
Fletcher — Not Voting
John — Not Voting
A. — Not Voting
Perez — Not Voting
Cook — Nay
Coto — Not Voting
Harkey — Not Voting
Huber — Not Voting
Anderson — Nay
Knight — Nay
Logue — Nay
Mendoza — Yea
Miller — Nay
Monning — Yea
Nestande — Nay
Norby — Nay
Ruskin — Yea
Skinner — Yea
Smyth — Nay
Swanson — Yea
Torlakson — Yea
Torrico — Yea
Tran — Not Voting
Adams — Nay
Ammiano — Yea
Blakeslee — Nay
Blumenfield — Nay
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Jeffries — Nay
Lieu — Yea
Ma — Yea
Nava — Not Voting
Nielsen — Nay
Silva — Nay
Solorio — Yea
Torres — Yea
Villines — Not Voting
Emmerson — Nay
Eng — Yea
DeVore — Nay
Fuentes — Yea
Fuller — Nay
Beth Gaines — Nay
Bill Berryhill — Nay
Bill Berryhill — Nay
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Nay
Strickland, Tony Republican Yea

Official roll call →

Do pass.

Passed 11 Yea · 5 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 11501
Democratic 0001
Total 11502
% of votes cast 61%28%0%11%
How each member voted (18)
Member Party Vote
Hall — Yea
Harkey — Nay
Charles — Not Voting
Bradford — Yea
Miller — Nay
Norby — Nay
Skinner — Yea
Solorio — Yea
Torlakson — Yea
Ammiano — Yea
Hill — Yea
Nielsen — Nay
Torrico — Yea
Conway — Nay
Coto — Yea
Davis — Yea
Fuentes — Yea
Calderon, Lisa Democratic Not Voting

Official roll call →

Subjects

finance labor
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Frequently asked questions

What does AB 1913 do?
The Public Employees' Retirement Law creates the Public Employees' Retirement Fund, which is a trust fund created and administered solely for the benefit of the members and retired members of this system and their survivors and beneficiaries. The Board of Administration of the Public Employees' Retirement System has the exclusive control of the administration and investment of the retirement fund. The Teachers' Retirement Law establishes the State Teachers' Retirement System in order to provide a financially sound plan for the retirement, with adequate retirement allowances, for teachers in public schools of the state, teachers in schools supported by the state, and other persons employed in connection with the schools. The plan and the system are administered by the Teachers' Retirement Board. This bill would require the Board of Administration of the Public Employees' Retirement System and the Teachers' Retirement Board, on or before January 1, 2012, until January 1, 2016, to report annually to the Legislature the ethnicity and gender of emerging investment managers, as defined, who participate in managing its portfolio of fund management contracts, as specified. The bill would also require the board to develop and include in the report plans and strategies to increase the participation of emerging investment managers until they manage at least 10% of the board's actively managed portfolio.
Who sponsors AB 1913?
AB 1913 is sponsored by Davis.
What is the current status of AB 1913?
This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” 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 1913?
Track AB 1913 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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