BILL NUMBER: AB 1913	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Davis

                        FEBRUARY 16, 2010

   An act relating to retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1913, as introduced, Davis. Retirement: pension fund.
   The Public Employees' Retirement Law creates the Public Employees'
Retirement Fund, which is a trust fund created and administered
solely for the benefit of the members and retired members of this
system and their survivors and beneficiaries. The Board of
Administration of the Public Employees' Retirement System has the
exclusive control of the administration and investment of the
retirement fund.
   This bill would declare the intent of the Legislature to enact
legislation to encourage equal opportunity, and to establish
quantifiable goals, for state pension fund utilization of emerging
investment managers in the management of assets in specific asset
classes.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation to encourage equal opportunity, and to establish
quantifiable goals, for state pension fund utilization of emerging
investment managers in the management of assets in specific asset
classes.