---
type: "Bill"
title: "Retirement savings plans."
description: "Existing federal law provides for tax-qualified retirement plans and individual retirement accounts or individual retirement annuities by which private citizens may save money for retirement."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "SB 1234"
citation: "California SB 1234 (20112012)"
classification: ["bill", "appropriation"]
subjects: ["Retirement savings plans."]
status: "enacted"
primary_sponsors: ["De León"]
version_count: 11
action_count: 35
vote_count: 10
first_action: "2012-02-23"
last_action: "2012-09-28"
source: "openstates"
source_identifier: "ocd-bill/15e45cd8-c231-4ac8-a07b-c7ed615e350b"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB1234"
source_hash: "b498f30070a9d88d6b35020497aa27b58a621dc5b83c5c7d04e6c3fd4a3ce9ca"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California SB 1234 (20112012) — Retirement savings plans.

Existing federal law provides for tax-qualified retirement plans and individual retirement accounts or individual retirement annuities by which private citizens may save money for retirement.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/23/12 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123499INT)
2. **03/27/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123498AMD)
3. **04/17/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123497AMD)
4. **05/02/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123496AMD)
5. **05/29/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123495AMD)
6. **06/13/12 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123494AMD)
7. **06/27/12 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123493AMD)
8. **08/20/12 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123492AMD)
9. **09/28/12 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123490CHP)
10. **SB1234** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB1234)
11. **09/10/12 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1234&version=20110SB123491ENR)

## Votes

- Placed on Appropriations Suspense file. — **7–0** (pass) · upper
- 3rd Reading SB1234 De León — **23–13** (pass) · upper
- Do pass as amended. — **12–5** (pass) · lower
- Do pass as amended. — **5–2** (pass) · upper
- Do pass and be re-referred to the Committee on Public Employees, Retirement and Social Security. — **5–2** (pass) · lower
- Do pass as amended, and re-refer to the Committee on Appropriations. — **4–1** (pass) · upper
- Unfinished Supp 4 SB1234 De León — **25–13** (pass) · upper
- Do pass and be re-referred to the Committee on Appropriations. — **4–2** (pass) · lower
- Do pass, but re-refer to the Committee on Labor and Industrial Relations. — **3–1** (pass) · upper
- SB 1234 De León Senate Third Reading By FURUTANI — **48–29** (pass) · lower

## Sponsors

- De León — primary (person)
- Allen — coauthor (person)
- Ammiano — coauthor (person)
- Blumenfield — coauthor (person)
- Furutani — principal coauthor (person)
- Hernandez — coauthor (person)
- Lara — coauthor (person)
- Pavley — coauthor (person)
- Price — coauthor (person)
- Solorio — coauthor (person)
- Steinberg — author (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2012-02-23** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2012-02-24** From printer. May be acted upon on or after March 25.
- **2012-03-08** Referred to Coms. on P.E. & R. and L. & I.R. `referral-committee`
- **2012-03-27** From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
- **2012-03-29** Set for hearing April 9.
- **2012-04-09** Hearing postponed by committee.
- **2012-04-11** Set for hearing April 16.
- **2012-04-17** From committee: Do pass and re-refer to Com. on L. & I.R. (Ayes 3. Noes 1. Page 3190.) (April 16). Re-referred to Com. on L. & I.R. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-04-17** From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. & I.R. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
- **2012-04-19** Set for hearing April 25.
- **2012-05-01** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 1. Page 3310.) (April 25). `amendment-passage, committee-passage, committee-passage-favorable`
- **2012-05-02** Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, amendment-passage, referral-committee`
- **2012-05-04** Set for hearing May 14.
- **2012-05-14** Placed on APPR. suspense file.
- **2012-05-18** Set for hearing May 24.
- **2012-05-25** From committee: Do pass as amended. (Ayes 5. Noes 2. Page 3593.) (May 24). `amendment-passage, committee-passage, committee-passage-favorable`
- **2012-05-29** Read second time and amended. Ordered to third reading. `reading-2, reading-1, amendment-passage`
- **2012-05-30** Read third time. Passed. (Ayes 23. Noes 13. Page 3716.) Ordered to the Assembly. `reading-3, reading-1, passage`
- **2012-05-30** In Assembly. Read first time. Held at Desk. `reading-1`
- **2012-06-07** Referred to Coms. on P.E., R. & S.S. and L. & E. `referral-committee`
- **2012-06-11** Re-referred to Coms. on L. & E. and P.E., R. & S.S. `referral-committee`
- **2012-06-13** From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. & E. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
- **2012-06-21** From committee: Do pass and re-refer to Com. on P.E., R. & S.S. (Ayes 5. Noes 2.) (June 20). Re-referred to Com. on P.E., R. & S.S. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-06-27** From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E., R. & S.S. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
- **2012-07-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (July 3). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-08-08** Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2012-08-16** From committee: Do pass as amended. (Ayes 12. Noes 5.) (August 16). `amendment-passage, committee-passage, committee-passage-favorable`
- **2012-08-20** Read second time and amended. Ordered to second reading. `reading-2, reading-1, amendment-passage`
- **2012-08-21** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2012-08-31** Read third time. Passed. (Ayes 48. Noes 29. Page 6763.) Ordered to the Senate. `reading-3, reading-1, passage`
- **2012-08-31** In Senate. Concurrence in Assembly amendments pending.
- **2012-08-31** Assembly amendments concurred in. (Ayes 25. Noes 13. Page 5114.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage`
- **2012-09-12** Enrolled and presented to the Governor at 11 a.m.
- **2012-09-28** Approved by the Governor. `executive-signature`
- **2012-09-28** Chaptered by Secretary of State. Chapter 734, Statutes of 2012.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/15e45cd8-c231-4ac8-a07b-c7ed615e350b`. Confidence: reported (aggregated from official California legislature records).