The California Constitution commits to the retirement board of a public pension or retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the system. Existing law requires a retirement board to develop and implement a policy requiring disclosure of payments to placement agents, as defined, in connection with system investments in or through external managers that includes prescribed elements. Existing law requires disclosure of campaign contributions or gifts made by a placement agent to any member of a public pension retirement board, as specified. Existing law requires a public retirement system to obtain an actuarial valuation of the system not less than triennially and submit audited financial statements to the State Controller who then publishes a report on the financial condition of public retirement systems.
California AB 2833 (20152016) — Public investment funds: disclosures.
The California Constitution commits to the retirement board of a public pension or retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the system. Existing law requires a retirement board to develop and implement a policy requiring disclosure of payments to placement agents, as defined, in connection with system investments in or through external managers that includes prescribed elements. Existing law requires disclosure of campaign contributions or gifts made by a placement agent to any member of a public pension retirement board, as specified. Existing law requires a public retirement system to obtain an actuarial valuation of the system not less than triennially and submit audited financial statements to the State Controller who then publishes a report on the financial condition of public retirement systems.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2016-02-19 Introduced. To print. introduction
2016-02-21 From printer. May be heard in committee March 22.
2016-02-22 Read first time. reading-1
2016-03-14 Referred to Com. on P.E., R., & S.S. referral-committee
2016-03-17 From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E., R., & S.S. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
2016-03-28 Re-referred to Com. on P.E., R., & S.S. referral-committee
2016-03-28 From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E., R., & S.S. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
2016-03-29 Re-referred to Com. on P.E., R., & S.S. referral-committee
2016-03-31 In committee: Hearing postponed by committee.
2016-04-12 From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E., R., & S.S. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
2016-04-13 Re-referred to Com. on P.E., R., & S.S. referral-committee
2016-04-20 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (April 20). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-05-04 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2016-05-27 From committee: Do pass. (Ayes 20. Noes 0.) (May 27). committee-passage-favorable, committee-passage
2016-05-27 Read second time. Ordered to third reading. reading-2, reading-1
2016-05-31 Read third time. Passed. Ordered to the Senate. (Ayes 80. Noes 0. Page 5046.) reading-3, passage, reading-1
2016-06-01 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2016-06-09 Referred to Com. on P.E. & R. referral-committee
2016-06-21 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on P.E. & R. referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1
2016-06-27 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (June 27). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-08-01 From committee: Be placed on second reading file pursuant to Senate Rule 28.8. committee-passage
2016-08-02 Read second time. Ordered to third reading. reading-2, reading-1
2016-08-16 Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 5014.). reading-3, passage, reading-1
2016-08-16 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.
2016-08-24 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 80. Noes 0. Page 6187.). committee-passage-favorable, amendment-passage
2016-09-02 Enrolled and presented to the Governor at 12 p.m.
2016-09-14 Approved by the Governor. executive-signature
2016-09-14 Chaptered by Secretary of State - Chapter 361, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/bf1f1baa-9b72-4884-a270-abca5ace18a7. Confidence: reported (aggregated from official California legislature records).