California 2011-2012 Regular Session Status: Enacted 1 D cosponsors

SB 955 — Public employees' retirement: pension fund management.

Last action — Chaptered by Secretary of State. Chapter 760, Statutes of 2012.

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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 January 05, 2012. Enacted.

Prognosis

Likely to advance 82% · 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.

  • 10 sponsors

    1 primary, 9 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 5 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

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.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 760, Statutes of 2012.

  2. Approved by the Governor.

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

  4. Assembly amendments concurred in. (Ayes 37. Noes 0. Page 4698.) Ordered to engrossing and enrolling.

  5. In Senate. Concurrence in Assembly amendments pending.

  6. Read third time. Passed. (Ayes 51. Noes 23. Page 6007.) Ordered to the Senate.

  7. Read second time. Ordered to third reading.

  8. From committee: Do pass. (Ayes 4. Noes 0.) (June 20).

  9. From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.

  10. From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.

  11. From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S.

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

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

  14. Read third time. Passed. (Ayes 38. Noes 0. Page 3218.) Ordered to the Assembly.

  15. Read second time. Ordered to third reading.

  16. From committee: Do pass. (Ayes 4. Noes 0. Page 3104.) (April 9).

  17. Set for hearing April 9.

  18. From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R.

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

  20. From printer. May be acted upon on or after February 5.

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

Sponsors

  • Alejo · Cosponsor
  • Ammiano · Cosponsor
  • Blumenfield · Cosponsor
  • DeSaulnier · Cosponsor
  • Pavley · Primary
  • Perea · Cosponsor
  • Solorio · Cosponsor
  • Wieckowski · Cosponsor
  • Williams · Cosponsor
  • Susan Rubio · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 9 co-sponsors · 112 not signed on · 4 voted No

Sponsors (1)

  • Pavley

Co-sponsors (9)

  • Alejo
  • Ammiano
  • Blumenfield
  • DeSaulnier
  • Perea
  • Solorio
  • Wieckowski
  • Williams
  • Rubio, Susan Democratic

Not signed on (112)

112 members have not signed on to this bill.

Show all 112 →

"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

Unfinished Business SB955 Pavley Concurrence

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 34003
Republican 1000
Democratic 2000
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Hancock — Not Voting
Lowenthal — Yea
Cannella — Yea
De León — Yea
Fuller — Yea
Negrete McLeod — Yea
Rubio — Yea
Corbett — Yea
Runner — Not Voting
Correa — Yea
Harman — Yea
Huff — Yea
Anderson — Yea
Blakeslee — Yea
Dutton — Yea
Leno — Yea
Liu — Yea
Pavley — Yea
Price — Yea
Simitian — Yea
Vargas — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Alquist — Yea
Hernandez — Yea
Kehoe — Yea
Lieu — Not Voting
Steinberg — Yea
Wyland — Yea
Emmerson — Yea
Evans — Yea
DeSaulnier — 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 →

SB 955 Pavley Senate Third Reading By ALEJO

Passed 51 Yea · 23 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 502106
Republican 0200
Democratic 1000
Total 512306
% of votes cast 64%29%0%8%
How each member voted (80)
Member Party Vote
Gorell — Not Voting
Halderman — Nay
Butler — Yea
Eng — Yea
Gatto — Yea
Carter — Yea
Cedillo — Yea
Fong — Yea
Hill — Yea
Allen — Yea
Huber — Yea
Perea — Yea
Skinner — Yea
Swanson — Yea
Williams — Yea
Furutani — Not Voting
Campos — Yea
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Garrick — Nay
Fletcher — Yea
Gordon — Yea
Chesbro — Yea
Hagman — Nay
Bonilla — Yea
Atkins — Yea
Hall — Not Voting
Hayashi — Yea
Hueso — Yea
Beall — Yea
Conway — Nay
Cook — Not Voting
Davis — Yea
Dickinson — Yea
Donnelly — Nay
Jeffries — Nay
Knight — Nay
Mendoza — Yea
Miller — Nay
Monning — Yea
Morrell — Nay
Nielsen — Nay
Norby — Nay
Pan — Yea
Silva — Not Voting
Solorio — Yea
Torres — Yea
Wagner — Nay
Achadjian — Yea
Alejo — Yea
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Nay
Huffman — Yea
Lara — Yea
Logue — Nay
Ma — Yea
Mansoor — Nay
Nestande — Nay
Olsen — Nay
Smyth — Nay
Valadao — Nay
Wieckowski — Yea
Feuer — Yea
Fuentes — Yea
Galgiani — Yea
Yamada — Yea
Beth Gaines — Nay
Bill Berryhill — Nay
Bonnie Lowenthal — Yea
Roger Hernández — Not Voting
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay

Official roll call →

Do pass.

Passed 4 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 4002
Total 4002
% of votes cast 67%0%0%33%
How each member voted (6)
Member Party Vote
Allen — Yea
Harkey — Not Voting
Ma — Yea
Mansoor — Not Voting
Wieckowski — Yea
Furutani — Yea

Official roll call →

3rd Reading

Passed 38 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 35002
Republican 1000
Democratic 2000
Total 38002
% of votes cast 95%0%0%5%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Hancock — Yea
Harman — Yea
Hernandez — Yea
Lowenthal — Yea
De León — Yea
Huff — Yea
Liu — Yea
Simitian — Yea
Walters — Yea
Wolk — Yea
Negrete McLeod — Yea
Rubio — Yea
Evans — Yea
Runner — Not Voting
Fuller — Yea
Cannella — Yea
Leno — Yea
Alquist — Yea
Corbett — Yea
Dutton — Not Voting
Pavley — Yea
Price — Yea
Vargas — Yea
Wright — Yea
Anderson — Yea
Blakeslee — Yea
Kehoe — Yea
Lieu — Yea
Steinberg — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — 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 →

Do pass.

Passed 4 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 4000
Democratic 0001
Total 4001
% of votes cast 80%0%0%20%
How each member voted (5)
Member Party Vote
Negrete McLeod — Yea
Walters — Yea
Vargas — Yea
Beth Gaines — Yea
Padilla, Stephen C. Democratic Not Voting

Official roll call →

Subjects

finance labor
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 955 do?
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.
Who sponsors SB 955?
SB 955 is sponsored by Alejo, Ammiano, Blumenfield, DeSaulnier, Pavley, Perea, Solorio, Wieckowski, Williams, and Rubio, Susan (Democratic).
What is the current status of SB 955?
This bill has been enacted into law. Introduced January 05, 2012. Enacted.
Where can I track SB 955?
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Last checked for changes 3 months ago · updated continuously

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