Fabio
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5.0 KiB
Markdown
78 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Public employees' retirement: pension fund management."
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description: "The County Employees Retirement Law of 1937 authorizes counties to establish retirement systems, as specified, in order to provide pension benefits to county, city, and district employees. The California Constitution confers upon the retirement boards of public retirement systems plenary authority and fiduciary responsibility for the investment of moneys of those systems. Existing law authorizes the Board of Administration of the Public Employees' Retirement System and the Teachers' Retirement Board of the State Teachers' Retirement System, consistent with their fiduciary duties and the standard for prudent investment, to prioritize investment in an in-state infrastructure project over a comparable out-of-state infrastructure project."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20132014"
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identifier: "AB 205"
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citation: "California AB 205 (20132014)"
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classification: ["bill"]
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subjects: ["Public employees' retirement: pension fund management."]
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status: "enacted"
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primary_sponsors: ["Pan"]
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version_count: 4
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action_count: 15
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vote_count: 4
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first_action: "2013-01-30"
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last_action: "2013-10-12"
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source: "openstates"
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source_identifier: "ocd-bill/9486835d-7411-4b70-93c5-45bcd95d3266"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB205"
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source_hash: "06ccdbee4c9c3dd8e1c061619f9a1d73ca37fd783098eae5b6bb4ee8c0a7bcb7"
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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 205 (20132014) — Public employees' retirement: pension fund management.
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The County Employees Retirement Law of 1937 authorizes counties to establish retirement systems, as specified, in order to provide pension benefits to county, city, and district employees. The California Constitution confers upon the retirement boards of public retirement systems plenary authority and fiduciary responsibility for the investment of moneys of those systems. Existing law authorizes the Board of Administration of the Public Employees' Retirement System and the Teachers' Retirement Board of the State Teachers' Retirement System, consistent with their fiduciary duties and the standard for prudent investment, to prioritize investment in an in-state infrastructure project over a comparable out-of-state infrastructure project.
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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. **01/30/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB205&version=20130AB20599INT)
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2. **10/12/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB205&version=20130AB20597CHP)
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3. **AB205** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB205)
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4. **08/28/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB205&version=20130AB20598ENR)
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## Votes
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- AB 205 PAN Assembly Third Reading — **55–20** (pass) · lower
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- 3rd Reading AB205 Pan By Beall — **39–0** (pass) · upper
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- Do pass. — **5–2** (pass) · lower
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- Do pass. — **5–0** (pass) · upper
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## Sponsors
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- Pan — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-01-30** Read first time. To print. `reading-1`
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- **2013-01-31** From printer. May be heard in committee March 2.
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- **2013-02-07** Referred to Com. on P.E.,R. & S.S. `referral-committee`
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- **2013-05-08** From committee: Do pass. (Ayes 5. Noes 2.) (May 8). `committee-passage-favorable, committee-passage`
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- **2013-05-09** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2013-05-13** Read third time. Passed. Ordered to the Senate. (Ayes 55. Noes 20. Page 1384.) `reading-3, reading-1, passage`
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- **2013-05-13** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2013-05-23** Referred to Com. on P.E. & R. `referral-committee`
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- **2013-06-11** From committee: Do pass. (Ayes 5. Noes 0.) (June 10). `committee-passage-favorable, committee-passage`
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- **2013-06-12** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2013-08-26** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1988.). `reading-3, reading-1, passage`
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- **2013-08-26** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
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- **2013-09-03** Enrolled and presented to the Governor at 2 p.m.
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- **2013-10-12** Approved by the Governor. `executive-signature`
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- **2013-10-12** Chaptered by Secretary of State - Chapter 766, Statutes of 2013.
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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/9486835d-7411-4b70-93c5-45bcd95d3266`. Confidence: reported (aggregated from official California legislature records).
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