AB 1439: Public retirement systems: development projects: labor standards.

The bill aims to require the boards of public employee retirement systems to conduct an independent study on the impacts of prohibiting investments in development projects in California without labor standards protections for workers. The study must be completed and provided to the legislature and the department of finance by January 1, 2028. The boards are not required to take action unless they determine in good faith that the action is consistent with their fiduciary responsibilities established in the California constitution.