Fabio
89 lines
6.4 KiB
Markdown
89 lines
6.4 KiB
Markdown
---
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type: "Bill"
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title: "Public Employees' Retirement System: officers and directors: appointment and compensation."
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description: "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."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20172018"
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identifier: "AB 2415"
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citation: "California AB 2415 (20172018)"
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classification: ["bill"]
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subjects: ["Public Employees' Retirement System: officers and directors: appointment and compensation."]
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status: "enacted"
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primary_sponsors: ["Calderon"]
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version_count: 5
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action_count: 21
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vote_count: 8
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first_action: "2018-02-14"
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last_action: "2018-09-29"
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source: "openstates"
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source_identifier: "ocd-bill/902d0d7a-66a7-40ad-af68-490738fc00c7"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2415"
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source_hash: "6c90ce91327d5396ca6b6bdd4591b5959c8c70a1ee84ca20cc34671d730fad1e"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 2415 (20172018) — Public Employees' Retirement System: officers and directors: appointment and compensation.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/14/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2415&version=20170AB241599INT)
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2. **08/17/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2415&version=20170AB241598AMD)
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3. **09/29/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2415&version=20170AB241596CHP)
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4. **AB2415** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2415)
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5. **08/31/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2415&version=20170AB241597ENR)
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## Votes
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- Do pass and be re-referred to the Committee on [Appropriations] — **4–0** (pass) · lower
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- Placed on suspense file — **7–0** (pass) · upper
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- Do pass as amended — **6–1** (pass) · upper
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- Do pass, but first be re-referred to the Committee on [Appropriations] — **4–1** (pass) · upper
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- Do pass. — **16–0** (pass) · lower
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- AB 2415 CALDERON Assembly Third Reading — **76–0** (pass) · lower
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- 3rd Reading AB2415 Calderon By Moorlach — **31–7** (pass) · upper
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- AB 2415 CALDERON Concurrence in Senate Amendments — **79–1** (pass) · lower
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## Sponsors
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- Calderon — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-14** Read first time. To print. `reading-1`
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- **2018-02-15** From printer. May be heard in committee March 17.
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- **2018-03-05** Referred to Com. on P.E., R., & S.S. `referral-committee`
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- **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`
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- **2018-04-18** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
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- **2018-05-25** From committee: Do pass. (Ayes 16. Noes 0.) (May 25). `committee-passage-favorable, committee-passage`
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- **2018-05-25** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2018-05-29** Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 5423.) `reading-3, passage, reading-1`
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- **2018-05-30** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2018-06-07** Referred to Com. on P.E. & R. `referral-committee`
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- **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`
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- **2018-08-06** In committee: Referred to APPR. suspense file. `referral-committee`
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- **2018-08-17** From committee: Amend, and do pass as amended. (Ayes 6. Noes 1.) (August 16). `amendment-passage, committee-passage, amendment-introduction`
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- **2018-08-17** Read second time and amended. Ordered returned to second reading. `reading-1, amendment-passage, reading-2`
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- **2018-08-20** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2018-08-27** Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 7. Page 5763.). `reading-3, passage, reading-1`
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- **2018-08-27** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 29 pursuant to Assembly Rule 77.
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- **2018-08-29** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 1. Page 6855.). `committee-passage-favorable, amendment-passage`
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- **2018-09-06** Enrolled and presented to the Governor at 3 p.m.
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- **2018-09-29** Approved by the Governor. `executive-signature`
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- **2018-09-29** Chaptered by Secretary of State - Chapter 916, Statutes of 2018.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/902d0d7a-66a7-40ad-af68-490738fc00c7`. Confidence: reported (aggregated from official California legislature records).
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