Fabio
98 lines
6.9 KiB
Markdown
98 lines
6.9 KiB
Markdown
---
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type: "Bill"
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title: "Public Employees' Retirement Fund and Teachers' Retirement Fund: investments: climate-related financial risk."
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description: "The California Constitution requires members of the retirement board of a public pension or retirement system to discharge their duties with respect to the system solely in the interest of, and for the exclusive purposes of providing benefits to, participants and their beneficiaries, minimizing employer contributions thereto, and defraying reasonable expenses of administering the system. Existing statutory law establishes various public employee retirement systems and provides for the administration of the State Teachers' Retirement System by the Teachers' Retirement Board and for the administration of the Public Employees' Retirement System, among other public employee retirement systems, by the Board of Administration of the Public Employees' Retirement System."
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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: "SB 964"
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citation: "California SB 964 (20172018)"
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classification: ["bill"]
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subjects: ["Public Employees' Retirement Fund and Teachers' Retirement Fund: investments: climate-related financial risk."]
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status: "enacted"
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primary_sponsors: ["Allen"]
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version_count: 5
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action_count: 26
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vote_count: 7
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first_action: "2018-01-31"
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last_action: "2018-09-23"
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source: "openstates"
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source_identifier: "ocd-bill/265deb48-75df-45e5-9c3b-b4f3839f4d53"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB964"
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source_hash: "46a46d36a236630a42f3396ac63883edf8c7c81d76be36725ebb37c26d1ec6ab"
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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 SB 964 (20172018) — Public Employees' Retirement Fund and Teachers' Retirement Fund: investments: climate-related financial risk.
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The California Constitution requires members of the retirement board of a public pension or retirement system to discharge their duties with respect to the system solely in the interest of, and for the exclusive purposes of providing benefits to, participants and their beneficiaries, minimizing employer contributions thereto, and defraying reasonable expenses of administering the system. Existing statutory law establishes various public employee retirement systems and provides for the administration of the State Teachers' Retirement System by the Teachers' Retirement Board and for the administration of the Public Employees' Retirement System, among other public employee retirement systems, by the Board of Administration of the Public Employees' Retirement System.
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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. **01/31/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB964&version=20170SB96499INT)
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2. **03/14/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB964&version=20170SB96498AMD)
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3. **09/23/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB964&version=20170SB96496CHP)
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4. **SB964** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB964)
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5. **09/05/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB964&version=20170SB96497ENR)
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## Votes
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- Do pass — **5–2** (pass) · upper
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- Do pass and be re-referred to the Committee on [Appropriations] — **4–1** (pass) · lower
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- Do pass. — **12–5** (pass) · lower
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- Do pass, but first be re-referred to the Committee on [Appropriations] — **3–2** (pass) · upper
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- Placed on suspense file — **7–0** (pass) · upper
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- 3rd Reading — **27–11** (pass) · upper
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- SB 964 Allen Senate Third Reading By KALRA — **53–25** (pass) · lower
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## Sponsors
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- Allen — primary (person)
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- Kalra — coauthor (person)
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- Monning — coauthor (person)
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- Portantino — coauthor (person)
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- Skinner — coauthor (person)
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- Thurmond — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-01-31** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2018-02-01** From printer. May be acted upon on or after March 3.
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- **2018-02-08** Referred to Com. on RLS. `referral-committee`
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- **2018-03-14** From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
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- **2018-03-21** Re-referred to Com. on P.E. & R. `referral-committee`
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- **2018-03-23** Set for hearing April 9.
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- **2018-04-10** From committee: Do pass and re-refer to Com. on APPR. (Ayes 3. Noes 2. Page 4605.) (April 9). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2018-04-11** Set for hearing April 16.
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- **2018-04-16** April 16 hearing: Placed on APPR. suspense file.
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- **2018-05-18** Set for hearing May 25.
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- **2018-05-25** From committee: Do pass. (Ayes 5. Noes 2. Page 4300.) (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. (Ayes 27. Noes 11. Page 4346.) Ordered to the Assembly. `reading-3, passage, reading-1`
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- **2018-05-29** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2018-06-11** Referred to Com. on P.E., R., & S.S. `referral-committee`
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- **2018-06-20** Coauthors revised.
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- **2018-06-20** From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 20). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2018-08-08** August 8 set for first hearing. Placed on APPR. suspense file.
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- **2018-08-16** From committee: Do pass. (Ayes 12. Noes 5.) (August 16). `committee-passage-favorable, committee-passage`
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- **2018-08-16** Coauthors revised.
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- **2018-08-20** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2018-08-30** Read third time. Passed. (Ayes 53. Noes 25. Page 6962.) Ordered to the Senate. `reading-3, passage, reading-1`
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- **2018-08-30** In Senate. Ordered to engrossing and enrolling.
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- **2018-09-06** Enrolled and presented to the Governor at 4 p.m.
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- **2018-09-23** Approved by the Governor. `executive-signature`
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- **2018-09-23** Chaptered by Secretary of State. Chapter 731, 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/265deb48-75df-45e5-9c3b-b4f3839f4d53`. Confidence: reported (aggregated from official California legislature records).
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