AB-1439 • 2026

Public retirement systems: development projects: labor standards.

Education Energy Labor

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Garcia
Last action: 2026-06-11
Official status: Read second time and amended. Re-referred to Com. on APPR.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Public retirement systems: development projects: labor standards.

AB 1439, as amended, Garcia.

What This Bill Does

AB 1439, as amended, Garcia.
Public retirement systems: development projects: labor standards.
The California Constitution grants the retirement board of a public employee retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the retirement fund and system.
These provisions qualify this grant of powers by reserving to the Legislature the authority to prohibit investments if it is in the public interest and the prohibition satisfies standards of fiduciary care and loyalty required of a retirement board.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-11 California Legislative Information
Read second time and amended. Re-referred to Com. on APPR.
2026-06-10 California Legislative Information
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 10).
2026-06-02 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L., P.E. & R.
2026-05-06 California Legislative Information
Referred to Com. on L., P.E. & R.
2026-01-29 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-01-29 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 9. Page 3879.)
2026-01-26 California Legislative Information
Read second time. Ordered to third reading.
2026-01-22 California Legislative Information
Read second time and amended. Ordered returned to second reading.
2026-01-22 California Legislative Information
From committee: Amend, and do pass as amended. (Ayes 10. Noes 4.) (January 22).
2026-01-22 California Legislative Information
In committee: Set, first hearing. Referred to suspense file.
2026-01-22 California Legislative Information
Assembly Rule 63 suspended. (Page 3806.)
2026-01-14 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (January 14). Re-referred to Com. on APPR.
2025-04-21 California Legislative Information
In committee: Set, first hearing. Hearing canceled at the request of author.
2025-03-25 California Legislative Information
Re-referred to Com. on P. E. & R.
2025-03-24 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on P. E. & R. Read second time and amended.
2025-03-24 California Legislative Information
Referred to Com. on P. E. & R.
2025-02-24 California Legislative Information
Read first time.
2025-02-22 California Legislative Information
From printer. May be heard in committee March 24.
2025-02-21 California Legislative Information
Introduced. To print.

Official Summary Text

AB 1439, as amended, Garcia.
Public retirement systems: development projects: labor standards.
The California Constitution grants the retirement board of a public employee retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the retirement fund and system. These provisions qualify this grant of powers by reserving to the Legislature the authority to prohibit investments if it is in the public interest and the prohibition satisfies standards of fiduciary care and loyalty required of a retirement board.
Existing law prohibits the boards of the Public Employees’ Retirement System (PERS) and the State Teachers’ Retirement System (STRS) from making certain new investments or renewing existing investments of public employee retirement funds, including in a thermal coal company, as defined. Existing law provides that a board is not required to take any action
regarding those investments unless the board determines in good faith that the action is consistent with the board’s fiduciary responsibilities established in the California Constitution.
This bill would request the University of California, Berkeley, Labor Center to conduct an independent study to analyze the extent of labor standards protections in California real estate and infrastructure development projects funded through the real asset portfolios of PERS and STRS. The bill would request that the study and a report of its findings be completed and provided to the Legislature and the Department of Finance by January 1, 2028, as specified.

Current Bill Text

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