Public Employees' Retirement System: officers and directors: appointment and compensation.
The Public Employees' Retirement Law (PERL) vests the management and control of the Public Employees' Retirement System in the Board of Administration. PERL requires the board to appoint and fix the compensation of an executive officer, a general counsel, a chief actuary, a chief investment officer, a chief financial officer and other investment officers and portfolio managers, as specified. PERL requires that specified principles guide the board when fixing compensation, consistent with its fiduciary responsibility to recruit and retain highly qualified and effective employees for these positions.
us/states/ca
California Legislature
20172018
AB 2415
California AB 2415 (20172018)
bill
Public Employees' Retirement System: officers and directors: appointment and compensation.
California AB 2415 (20172018) — Public Employees' Retirement System: officers and directors: appointment and compensation.
The Public Employees' Retirement Law (PERL) vests the management and control of the Public Employees' Retirement System in the Board of Administration. PERL requires the board to appoint and fix the compensation of an executive officer, a general counsel, a chief actuary, a chief investment officer, a chief financial officer and other investment officers and portfolio managers, as specified. PERL requires that specified principles guide the board when fixing compensation, consistent with its fiduciary responsibility to recruit and retain highly qualified and effective employees for these positions.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 2415 CALDERON Concurrence in Senate Amendments — 79–1 (pass) · lower
Sponsors
Calderon — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-02-14 Read first time. To print. reading-1
2018-02-15 From printer. May be heard in committee March 17.
2018-03-05 Referred to Com. on P.E., R., & S.S. referral-committee
2018-04-04 From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 0.) (April 4). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-04-18 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2018-05-25 From committee: Do pass. (Ayes 16. Noes 0.) (May 25). committee-passage-favorable, committee-passage
2018-05-25 Read second time. Ordered to third reading. reading-2, reading-1
2018-05-29 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 5423.) reading-3, passage, reading-1
2018-05-30 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2018-06-07 Referred to Com. on P.E. & R. referral-committee
2018-06-26 From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 25). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-08-06 In committee: Referred to APPR. suspense file. referral-committee
2018-08-17 From committee: Amend, and do pass as amended. (Ayes 6. Noes 1.) (August 16). amendment-passage, committee-passage, amendment-introduction
2018-08-17 Read second time and amended. Ordered returned to second reading. reading-1, amendment-passage, reading-2
2018-08-20 Read second time. Ordered to third reading. reading-2, reading-1
2018-08-27 Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 7. Page 5763.). reading-3, passage, reading-1
2018-08-27 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 29 pursuant to Assembly Rule 77.
2018-08-29 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 1. Page 6855.). committee-passage-favorable, amendment-passage
2018-09-06 Enrolled and presented to the Governor at 3 p.m.
2018-09-29 Approved by the Governor. executive-signature
2018-09-29 Chaptered by Secretary of State - Chapter 916, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/902d0d7a-66a7-40ad-af68-490738fc00c7. Confidence: reported (aggregated from official California legislature records).