Plain English Breakdown
The official text uses 'request' rather than mandatory language like 'requires,' though it sets a deadline for delivery.
Study on Labor Standards in Public Retirement Fund Projects
This measure requests the University of California, Berkeley Labor Center to study labor standards protections in real estate and infrastructure projects funded by PERS and STRS.
What This Bill Does
- Requests the UC Berkeley Labor Center to conduct an independent study on labor standards protections.
- Focuses the analysis on development projects funded through PERS and STRS real asset portfolios.
- Requires a final report of findings be sent to the Legislature and Department of Finance by January 1, 2028.
Who It Names or Affects
- The University of California, Berkeley Labor Center
- The Public Employees' Retirement System (PERS)
- The State Teachers' Retirement System (STRS)
Limits and Unknowns
- The bill only requests a study; it does not change current investment rules or require new actions by the retirement boards.
- The final results of the study will not be available until January 1, 2028.