Fabio
96 lines
6.9 KiB
Markdown
96 lines
6.9 KiB
Markdown
---
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type: "Bill"
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title: "Teachers' retirement."
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description: "Existing law, the Teachers' Retirement Law, establishes the State Teachers' Retirement System (STRS) and creates the Defined Benefit Program of the State Teachers' Retirement Plan, which provides a defined benefit to members of the program, based on final compensation, credited service, and age at retirement, subject to certain variations. Existing law creates the Cash Balance Benefit Program to provide a retirement plan for the benefit of participating employees who perform creditable service for less than 50% of full time."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20232024"
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identifier: "SB 432"
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citation: "California SB 432 (20232024)"
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classification: ["bill", "appropriation"]
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subjects: ["Teachers' retirement"]
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status: "enacted"
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primary_sponsors: ["Cortese"]
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version_count: 7
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action_count: 28
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vote_count: 6
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first_action: "2023-02-13"
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last_action: "2023-09-22"
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source: "openstates"
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source_identifier: "ocd-bill/fc4a1acf-a99e-4c79-b3ce-230b0b516f06"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB432"
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source_hash: "dbbf965143f722bb778aad674fa382f0e07fc8834389b7ad8d09f55d9e5e1c54"
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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 432 (20232024) — Teachers' retirement.
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Existing law, the Teachers' Retirement Law, establishes the State Teachers' Retirement System (STRS) and creates the Defined Benefit Program of the State Teachers' Retirement Plan, which provides a defined benefit to members of the program, based on final compensation, credited service, and age at retirement, subject to certain variations. Existing law creates the Cash Balance Benefit Program to provide a retirement plan for the benefit of participating employees who perform creditable service for less than 50% of full time.
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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. **02/13/23 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43299INT)
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2. **05/02/23 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43298AMD)
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3. **06/19/23 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43297AMD)
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4. **08/24/23 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43296AMD)
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5. **09/22/23 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43294CHP)
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6. **SB432** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB432)
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7. **09/11/23 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB432&version=20230SB43295ENR)
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## Votes
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- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **7–0** (pass) · lower
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- SB 432 Cortese Senate Third Reading By Haney — **77–0** (pass) · lower
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- Do pass. To Consent Calendar. — **15–0** (pass) · lower
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- Consent Calendar — **38–0** (pass) · upper
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- Special Consent — **40–0** (pass) · upper
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- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **5–0** (pass) · upper
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## Sponsors
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- Cortese — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-13** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2023-02-14** From printer. May be acted upon on or after March 16.
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- **2023-02-22** Referred to Com. on L., P.E. & R. `referral-committee`
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- **2023-04-13** Set for hearing April 26.
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- **2023-05-01** From committee: Do pass as amended and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 5. Noes 0. Page 897.) (April 26). `amendment-passage, committee-passage, committee-passage-favorable`
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- **2023-05-02** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-1, reading-2, referral-committee`
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- **2023-05-05** Set for hearing May 15.
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- **2023-05-15** From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage, reading-2`
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- **2023-05-16** Read second time. Ordered to consent calendar. `reading-1, reading-2`
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- **2023-05-18** Read third time. Passed. (Ayes 38. Noes 0. Page 1103.) Ordered to the Assembly. `passage, reading-1, reading-3`
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- **2023-05-18** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2023-05-26** Referred to Com. on P.E. & R. `referral-committee`
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- **2023-06-14** June 14 hearing postponed by committee.
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- **2023-06-19** From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
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- **2023-06-28** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (June 28). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
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- **2023-07-12** From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (July 12). `committee-passage, committee-passage-favorable`
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- **2023-07-13** Read second time. Ordered to consent calendar. `reading-1, reading-2`
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- **2023-08-17** From consent calendar on motion of Assembly Member Bryan.
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- **2023-08-17** Ordered to third reading.
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- **2023-08-24** Read third time and amended. `amendment-passage, reading-1, reading-3`
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- **2023-08-24** Ordered to third reading.
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- **2023-08-31** Read third time. Passed. (Ayes 77. Noes 0. Page 2863.) Ordered to the Senate. `passage, reading-1, reading-3`
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- **2023-08-31** In Senate. Concurrence in Assembly amendments pending.
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- **2023-09-05** Ordered to special consent calendar.
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- **2023-09-07** Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2477.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
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- **2023-09-13** Enrolled and presented to the Governor at 4 p.m.
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- **2023-09-22** Approved by the Governor. `executive-signature`
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- **2023-09-22** Chaptered by Secretary of State. Chapter 215, Statutes of 2023. `became-law`
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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/fc4a1acf-a99e-4c79-b3ce-230b0b516f06`. Confidence: reported (aggregated from official California legislature records).
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