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The 2020 section (2019–20 legislative session) details measures affecting administration, investment procurement, retirement account options, and defined contribution alternatives for educators. It also covers specific bill statuses, including chapters enacted in 2020 and proposals that died in their legislative houses.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/history-of-legislation-2020-state-legislation-overview/203009/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/history-of-legislation-2020-state-legislation-overview/203009.png","ImageObject",300,407,{"name":92,"@type":93},"Adam","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What does the document’s legislation overview cover for CalSTRS?","Question",{"text":112,"@type":113},"It summarizes state legislation affecting CalSTRS, its members, and their beneficiaries since 1987, organized by legislative sessions and bill initiatives.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which 2020 bills modify CalSTRS or Teachers’ Retirement Law administration?",{"text":117,"@type":113},"AB 2101 and SB 993 make technical, conforming, or minor changes to facilitate efficient administration, with AB 2101 enacted as a chapter and SB 993 dying in the Senate.",{"name":119,"@type":110,"acceptedAnswer":120},"What change does AB 2988 introduce for California educators?",{"text":121,"@type":113},"AB 2988 allows school districts to offer a defined contribution plan to certificated employees instead of the CalSTRS defined benefit program, including incentives via salary and contribution-rate adjustments.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},203009,1788553604,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":129,"read_time":144,"preview_page_count":4},1374404737137,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","History of legislation  \nThis section summarizes state legislation affecting CalSTRS, its members, and their beneficiaries since 1987.  \n2020 State legislation (2019–20 legislative session)  \n\n| Initiative | Subject | Summary/benefits | Chapter \\#\u003Cbr>or status |\n| --- | --- | --- | --- |\n| AB 2101 (PE&R) Intro 2/6/20 | Housekeeping bill | Makes various technical, conforming or minor changes to the Teachers’ Retirement Law to facilitate efficient administration of the State Teachers’ Retirement Plan. The bill also makes various technical and conforming changes in the Public Employees’ Retirement Law and the County Employees Retirement Law. Sponsor: CalPERS | Chapter 275, Statutes of 2020 |\n| AB 2219 (O’Donnell) Intro 2/12/20 | CalSTRS individual\u003Cbr>retirement accounts | Authorizes CalSTRS to offer a traditional (taxdeferred) Individual Retirement Account (IRA) in addition to a Roth IRA and accept rollovers from any eligible retirement plan to those IRAs. It also enables CalSTRS to receive contributions from IRA participants and allows spouses of those participants to contribute to a CalSTRSIRA plan. Sponsor: CalSTRS | Died in Assembly |\n| AB 2510 (Cooley) Intro 2/19/20 | CalSTRS investment procurement | Seeks to expand the Collaborative Model, a Teachers’ Retirement Board-sponsored effort to reduce costs by managing assets internally and expanding opportunities with external partners. Grants the board prudent flexibility to contract with investment managers and investment advisers under policies it adopts. Working closely with external managers and advisers would allow CalSTRS staff to cultivate knowledge of innovative investment strategies and to form lucrative, efficient and cost-effective investment partnerships. Sponsor: CalSTRS | Died in Assembly |\n| AB 2988 (Kiley) Intro 2/21/20 | Defined contribution plan for California educators | Permits school districts to offer a defined contribution plan to certificated employees in lieu of the CalSTRS Defined Benefit Program. To incentivize participation in a defined contribution plan, the bill allows school districts to offer higher salaries or lower contribution rates for those who opt into the plan and allows certificated employees to individually negotiate salaries and plan contribution rates outside of the salary schedule set forth in a collective bargaining agreement. Sponsor: Author | Died in Assembly |\n| SB 993\u003Cbr>(L,PE&R) Intro 2/12/20 | Housekeeping bill | Makes various technical, conforming or minor changes to the Teachers’ Retirement Law to facilitate efficient administration of the State Teachers’ Retirement Plan. Sponsor: CalSTRS | Died in Senate |\n\nCalSTRS Overview • 2021 103  \n2019 State legislation (2019–20 legislative session)  \n\n| Initiative | Subject | Summary/benefits | Chapter \\#\u003Cbr>or status |\n| --- | --- | --- | --- |\n| AB 33\u003Cbr>(Bonta)\u003Cbr>Intro 12/3/18 | Private prison divestment | Prohibits the CalSTRS and CalPERS boards from making additional or new investments or renewing existing investments of public employee retirement funds in a private prison company, as defined, and requires liquidation of such investments on or before July 1, 2020, subject to the fiduciary duty of the boards. Requires the boards to engage with those companies to establish if the company is transitioning its business model to another industry. Indemnifies various individuals for actions related to the bill. Sponsor: Author | Died in Assembly |\n| AB 462\u003Cbr>(Rodriguez)\u003Cbr>Intro 2/11/19 | Emerging\u003Cbr>managers report | Requires the CalSTRS and CalPERS boards to submit an annual report to the Legislature on the status of achieving appropriate objectivesand initiatives regarding participation of emerging managers within the retirement systems’ investment portfolios. The report must include the names of all emerging managers providing investment portfolio or asset management services and the amount managed by each emerging manager. Sponsor: Author | Died in Senate |\n| AB 644\u003Cbr>(PE&R)\u003Cbr>","cbCaioAtGJizdo6F","https://ap.wps.com/l/cbCaioAtGJizdo6F","pdf",797294,108,"English","# 2020 State legislation (2019–20 legislative session)\n## Housekeeping bill (AB 2101; SB 993)\n## CalSTRS individual retirement accounts (AB 2219)\n## CalSTRS investment procurement (AB 2510)\n## Defined contribution plan for California educators (AB 2988)\n# 2019 State legislation (2019–20 legislative session)\n## Private prison divestment (AB 33)\n## Emerging managers report (AB 462)\n## Housekeeping bill (AB 644; AB 706)\n## Turkish investment vehicle divestment (AB 1320)\n## Membership clean-up bill (AB 1452)","[{\"question\":\"What does the document’s legislation overview cover for CalSTRS?\",\"answer\":\"It summarizes state legislation affecting CalSTRS, its members, and their beneficiaries since 1987, organized by legislative sessions and bill initiatives.\"},{\"question\":\"Which 2020 bills modify CalSTRS or Teachers’ Retirement Law administration?\",\"answer\":\"AB 2101 and SB 993 make technical, conforming, or minor changes to facilitate efficient administration, with AB 2101 enacted as a chapter and SB 993 dying in the Senate.\"},{\"question\":\"What change does AB 2988 introduce for California educators?\",\"answer\":\"AB 2988 allows school districts to offer a defined contribution plan to certificated employees instead of the CalSTRS defined benefit program, including incentives via salary and contribution-rate adjustments.\"}]","History of Legislation - 2020 State Legislation Overview | PDF",272]