The State Worker

Chronicling civil-service life for California state workers

October 7, 2011
Jerry Brown vetoes pension investments reporting bill

Gov. Jerry Brown has killed Assembly Bill 1379, which would have required that pension systems with at least $4 billion in assets report to the state controller all their California investments and California emerging market investments as of July 1, 2012.

Assemblyman Steven Bradford, the Gardena Democrat who authored the legislation, figured that making the information plain would help attract private investment to poorer parts of the state.

Brown vetoed the measure as redundant for some pension funds and a needless expense for others.
Jerry Brown's AB 1379 Veto Letter

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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