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California 20252026

AB 1439

Public retirement systems: development projects: labor standards.

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Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
lower
Classification
bill
Subjects
Publicretirementsystems, developmentprojects, laborstandards
Introduced / first action
2025-02-21 00:00:00

Alternate titles

  • Judicial Council: sale of property.

Source-supplied abstracts

The California Constitution grants the retirement board of a public employee retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the retirement fund and system. These provisions qualify this grant of powers by reserving to the Legislature the authority to prohibit investments if it is in the public interest and the prohibition satisfies standards of fiduciary care and loyalty required of a retirement board. Existing law prohibits the boards of the Public Employees' Retirement System (PERS) and the State Teachers' Retirement System (STRS) from making certain new investments or renewing existing investments of public employee retirement funds, including in a thermal coal company, as defined. Existing law provides that a board is not required to take any action regarding those investments unless the board determines in good faith that the action is consistent with the board's fiduciary responsibilities established in the California Constitution. This bill would request the University of California, Berkeley, Labor Center to conduct an independent study to analyze the extent of labor standards protections in California real estate and infrastructure development projects funded through the real asset portfolios of PERS and STRS. The bill would request that the study and a report of its findings be completed and provided to the Legislature and the Department of Finance by January 1, 2028, as specified.

Sponsors

Source-supplied history

Actions

  1. Enrolled and presented to the Governor at 4 p.m.

    executive-receipt

  2. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 9.).

    amendment-passage, committee-passage, committee-passage-favorable

  3. In Assembly. Concurrence in Senate amendments pending.

  4. Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 10.).

    passage, reading-1, reading-3

  5. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  6. Read second time and amended. Ordered returned to second reading.

    amendment-passage, reading-1, reading-2

  7. From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 13).

    amendment-introduction, amendment-passage, committee-passage

  8. In committee: Referred to APPR. suspense file.

    referral-committee

  9. Read second time and amended. Re-referred to Com. on APPR.

    amendment-passage, reading-1, reading-2, referral-committee

  10. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 10).

    amendment-introduction, amendment-passage, committee-passage, referral-committee

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

    amendment-introduction, amendment-passage, committee-passage, reading-1, reading-2, referral-committee

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

    referral-committee

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

    reading-1, referral-committee

  14. Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 9. Page 3879.)

    passage, reading-1, reading-3

  15. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  16. Read second time and amended. Ordered returned to second reading.

    amendment-passage, reading-1, reading-2

  17. From committee: Amend, and do pass as amended. (Ayes 10. Noes 4.) (January 22).

    amendment-introduction, amendment-passage, committee-passage

  18. In committee: Set, first hearing. Referred to suspense file.

    referral-committee

  19. Assembly Rule 63 suspended. (Page 3806.)

  20. From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (January 14). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  21. In committee: Set, first hearing. Hearing canceled at the request of author.

  22. Re-referred to Com. on P. E. & R.

    referral-committee

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

    amendment-introduction, amendment-passage, committee-passage, reading-1, reading-2, referral-committee

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

    referral-committee

  25. Read first time.

    reading-1

  26. From printer. May be heard in committee March 24.

  27. Introduced. To print.

    introduction

Documents and versions

Official links

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Related measures

No resolvable related measure is supplied.