State public retirement systems: divestiture from private prison companies

AB-33

session 2019-2020
priority Standard
Author Bonta
position Support
Letter View Letter
Would prohibit the boards of the Public Employees’ Retirement System and the State Teachers’ Retirement System from making new investments or renewing existing investments of public employee retirement funds in a private prison company and would require the boards to liquidate investments in private prison companies on or before July 1, 2020.
Consistent with AAP policy to opposed separation  of children from families at the border, which is being accomplished primarily through private prisons that profit from the separation policy.

Last Action:

04/24/19 In committee: Set, second hearing. Hearing canceled at the request of author.