SECTIONS 7515-7516 - California Statutes

GOVERNMENT CODE

SECTION 7515-7516

7515. It is the intent of this chapter to authorize and encourage
the Public Employees' Retirement System and the State Teachers'
Retirement System to regularly cooperate and share information that
may assist both systems in developing and implementing appropriate
investment strategies, with the advice of investment experts selected
by the systems who are willing to share their knowledge and
expertise.

7516. Notwithstanding any other provision of law, confidential
information or documents relating to investments in the possession of
the Public Employees' Retirement System or the State Teachers'
Retirement System shall not lose their confidential status due to the
fact that the information or documents are shared with the other
system or with investment advisors selected by the systems to advise
on asset allocation, active verses passive management, or other
investment issues of mutual interest and concern. Nothing in this
chapter shall be construed to authorize the release or sharing of
documents or information in violation of federal law or the terms of
a contract.