Sacramento, California – Senate Bill 457, a measure introduced by Senator Anthony J. Portantino (D – La Canada-Flintridge) and Senator Scott Wilk (R – Santa Clarita), passed the Senate Labor, Public Employment and Retirement Committee today. SB 457 requires the Public Employees’ Retirement System (PERS) and the State Teachers’ Retirement System (STRS) Boards of Administration to allow school districts and cities to opt out of investment vehicles issued or owned by the Republic of Turkey.