California 2011-2012 Regular Session Status: Enacted

SB 637 — County employees' retirement: board of investment: powers.

Last action — Chaptered by Secretary of State. Chapter 48, Statutes of 2011.

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

This bill has been enacted into law. Introduced February 18, 2011. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

The County Employees Retirement Act of 1937 prescribes the rights, benefits, and duties of members of the retirement systems established pursuant to its provisions. The act vests the management of these systems in a retirement board except in certain instances in which certain functions may be delegated to a board of investment. The act permits the retirement system of a county that exceeds a specified threshold of assets to form a board of investment which is responsible for all investments of the system. Existing law, applicable to Los Angeles County, authorizes a board of retirement to exercise the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, as specified, for matters within the board's jurisdiction. This bill would extend the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, described above, to the Board of Investment of the Los Angeles County Employees Retirement Association.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 48, Statutes of 2011.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 1:30 p.m.

  4. In Senate. Ordered to engrossing and enrolling.

  5. Read third time. Passed. (Ayes 77. Noes 0. Page 1959.) Ordered to the Senate.

  6. Read second time. Ordered to consent calendar.

  7. From committee: Do pass. Ordered to consent calendar. (Ayes 6. Noes 0.) (June 8).

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

  9. In Assembly. Read first time. Held at Desk.

  10. Read third time. Passed. (Ayes 40. Noes 0. Page 711.) Ordered to the Assembly.

  11. Read second time. Ordered to consent calendar.

  12. From committee: Do pass. Ordered to consent calendar. (Ayes 5. Noes 0. Page 621.) (April 11).

  13. Set for hearing April 11.

  14. Referred to Com. on P.E. & R.

  15. From printer. May be acted upon on or after March 22.

  16. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Committee on Public Employment and Retirement · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Committee on Public Employment and Retirement

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

Passed 77 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 74003
Democratic 1000
Republican 2000
Total 77003
% of votes cast 96%0%0%4%
How each member voted (80)
Member Party Vote
Gordon — Yea
Halderman — Not Voting
Huber — Yea
Butler — Yea
Carter — Yea
John A. Pérez — Yea
Mitchell — Yea
Atkins — Yea
Hagman — Yea
Cedillo — Yea
Yamada — Yea
Portantino — Yea
Jeffries — Yea
Chesbro — Yea
Cook — Yea
Knight — Yea
Logue — Yea
Miller — Yea
Ammiano — Yea
Dickinson — Yea
Donnelly — Yea
Pan — Yea
Skinner — Yea
Valadao — Yea
Campos — Yea
Furutani — Yea
Conway — Yea
Davis — Yea
Allen — Yea
Mendoza — Yea
Olsen — Yea
Fuentes — Yea
Gatto — Yea
Hall — Yea
Hayashi — Yea
Bonilla — Yea
Fong — Yea
Blumenfield — Yea
Morrell — Yea
Nestande — Yea
Nielsen — Yea
Silva — Yea
Swanson — Yea
Wieckowski — Yea
Williams — Yea
Fletcher — Yea
Gorell — Not Voting
Beall — Yea
Monning — Yea
Norby — Not Voting
Achadjian — Yea
Alejo — Yea
Block — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Yea
Hill — Yea
Hueso — Yea
Huffman — Yea
Lara — Yea
Ma — Yea
Mansoor — Yea
Perea — Yea
Smyth — Yea
Solorio — Yea
Torres — Yea
Wagner — Yea
Eng — Yea
Feuer — Yea
Galgiani — Yea
Garrick — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Passed 6 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 6000
Total 6000
% of votes cast 100%0%0%0%
How each member voted (6)
Member Party Vote
Allen — Yea
Furutani — Yea
Harkey — Yea
Ma — Yea
Mansoor — Yea
Wieckowski — Yea

Official roll call →

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 37000
Republican 1000
Democratic 2000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Yee — Yea
Hancock — Yea
Hernandez — Yea
Runner — Yea
Lowenthal — Yea
De León — Yea
Negrete McLeod — Yea
Blakeslee — Yea
Huff — Yea
Kehoe — Yea
Lieu — Yea
Price — Yea
Simitian — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Rubio — Yea
Cannella — Yea
Corbett — Yea
Dutton — Yea
Leno — Yea
Alquist — Yea
Anderson — Yea
Harman — Yea
Liu — Yea
Pavley — Yea
Vargas — Yea
Wyland — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
DeSaulnier — Yea
Fuller — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Subjects

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 637 do?
The County Employees Retirement Act of 1937 prescribes the rights, benefits, and duties of members of the retirement systems established pursuant to its provisions. The act vests the management of these systems in a retirement board except in certain instances in which certain functions may be delegated to a board of investment. The act permits the retirement system of a county that exceeds a specified threshold of assets to form a board of investment which is responsible for all investments of the system. Existing law, applicable to Los Angeles County, authorizes a board of retirement to exercise the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, as specified, for matters within the board's jurisdiction. This bill would extend the power to issue subpoenas and subpoenas duces tecum, and to compensate persons subpoenaed, described above, to the Board of Investment of the Los Angeles County Employees Retirement Association.
Who sponsors SB 637?
SB 637 is sponsored by Committee on Public Employment and Retirement.
What is the current status of SB 637?
This bill has been enacted into law. Introduced February 18, 2011. Enacted.
Where can I track SB 637?
Track SB 637 free on One Click Politics — get push/email alerts when it moves.

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