Assembly Bill

AB 2571 (Gonzalez Fletcher) – Race and Gender Pay Equity

Requires public retirement systems to make new additional or renewed investments in alternative investment vehicles only where the investment manager has adopted and committed to comply with a race and gender pay equity policy, as specified, subject to the fiduciary duty of the retirement board.  Also requires the investment manager to submit an annual report to the public retirement system and requires the system to disclose the reported information at a public meeting and to the State Auditor.

  • Version: Introduced 2/15/2018
  • Sponsor: Unite Here, Local 11
  • Location: Assembly PER&SS Committee
  • Board Position: Watch

CalSTRS Analysis:

As Introduced 2/15/2018

Commands