republic-os/legislation/us/states/ca/20212022/ab-890.md

---
type: "Bill"
title: "Public employee retirement systems: investment management: reports."
description: "The Public Employees' Retirement Law establishes the Public Employees' Retirement System, which is funded by employer and employee contributions and investment earnings. Existing law creates the Public Employees' Retirement Fund, a trust fund, which the Board of Administration of the Public Employees' Retirement System administers for support of the system. The Teachers' Retirement Law establishes the State Teachers' Retirement System, which is funded by employer and employee contributions, state contributions, and investment earnings. Existing law creates the Teachers' Retirement Fund, a trust fund, which the Teachers' Retirement Board administers for support of the system. The California Constitution grants a retirement board sole and exclusive responsibility over the assets of a public retirement system and its administration, as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20212022"
identifier: "AB 890"
citation: "California AB 890 (20212022)"
classification: ["bill"]
subjects: ["Public employee retirement systems: investment management: reports."]
status: "enacted"
primary_sponsors: ["Cervantes"]
version_count: 6
action_count: 22
vote_count: 6
first_action: "2021-02-17"
last_action: "2021-10-04"
source: "openstates"
source_identifier: "ocd-bill/7d7d2186-7ddd-496a-a703-1af310bfbca3"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB890"
source_hash: "81224258f03871dcd10de08651b8b13921e2a73d3a1ebb48fe91981d650cd14c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 890 (20212022) — Public employee retirement systems: investment management: reports.

The Public Employees' Retirement Law establishes the Public Employees' Retirement System, which is funded by employer and employee contributions and investment earnings. Existing law creates the Public Employees' Retirement Fund, a trust fund, which the Board of Administration of the Public Employees' Retirement System administers for support of the system. The Teachers' Retirement Law establishes the State Teachers' Retirement System, which is funded by employer and employee contributions, state contributions, and investment earnings. Existing law creates the Teachers' Retirement Fund, a trust fund, which the Teachers' Retirement Board administers for support of the system. The California Constitution grants a retirement board sole and exclusive responsibility over the assets of a public retirement system and its administration, as specified.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/17/21 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB890&version=20210AB89099INT)
2. **03/11/21 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB890&version=20210AB89098AMD)
3. **05/24/21 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB890&version=20210AB89097AMD)
4. **10/04/21 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB890&version=20210AB89095CHP)
5. **AB890** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB890)
6. **08/27/21 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB890&version=20210AB89096ENR)

## Votes

- Do pass — **5–2** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — **5–1** (pass) · lower
- 3rd Reading AB890 Cervantes et al. By Bradford — **27–8** (pass) · upper
- Do pass as amended. — **13–3** (pass) · lower
- AB 890 Cervantes Assembly Third Reading — **65–10** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] — **5–0** (pass) · upper

## Sponsors

- Cervantes — primary (person)
- Blanca Rubio — coauthor (person)
- Caballero — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-17** Read first time. To print. `reading-1`
- **2021-02-18** From printer. May be heard in committee March 20.
- **2021-03-11** Referred to Com. on P.E. & R. `referral-committee`
- **2021-03-11** From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E. & R. Read second time and amended. `amendment-introduction, amendment-passage, reading-1, reading-2`
- **2021-03-15** Re-referred to Com. on P.E. & R. `referral-committee`
- **2021-05-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (April 29). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2021-05-03** Received by the Desk April 30 pursuant to Joint Rule 61(a)(2).
- **2021-05-12** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2021-05-20** From committee: Amend, and do pass as amended. (Ayes 13. Noes 3.) (May 20). `amendment-introduction, amendment-passage, committee-passage`
- **2021-05-24** Read second time and amended. Ordered returned to second reading. `amendment-passage, reading-1, reading-2`
- **2021-05-25** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2021-06-01** Read third time. Passed. Ordered to the Senate. (Ayes 65. Noes 10. Page 1773.) `passage, reading-1, reading-3`
- **2021-06-02** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2021-06-16** Referred to Com. on L., P.E. & R. `referral-committee`
- **2021-07-06** From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (July 5). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2021-07-15** From committee: Do pass. (Ayes 5. Noes 2.) (July 15). `committee-passage, committee-passage-favorable`
- **2021-08-16** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2021-08-26** Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 8. Page 2117.). `passage, reading-1, reading-3`
- **2021-08-26** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2021-09-01** Enrolled and presented to the Governor at 4:30 p.m.
- **2021-10-04** Approved by the Governor. `executive-signature`
- **2021-10-04** Chaptered by Secretary of State - Chapter 472, Statutes of 2021. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7d7d2186-7ddd-496a-a703-1af310bfbca3`. Confidence: reported (aggregated from official California legislature records).