Section 16642 - Retirements systems board members' decision to restrict, reduce, or eliminate investments pursuant to sections 7513.6, 7513.7, 7513.74, and 7513.75(a) Present, future, and former board members of the Public Employees' Retirement System or the State Teachers' Retirement System, jointly and individually, state officers and employees, research firms described in subdivision (d) of Section 7513.6, and investment managers under contract with the Public Employees' Retirement System or the State Teachers' Retirement System shall be indemnified from the General Fund and held harmless by the State of California from all claims, demands, suits, actions, damages, judgments, costs, charges, and expenses, including court costs and attorney's fees, and against all liability, losses, and damages of any nature whatsoever that these present, future, or former board members, officers, employees, research firms as described in subdivision (d) of Section 7513.6, or contract investment managers shall or may at any time sustain by reason of any decision to restrict, reduce, or eliminate investments pursuant to Sections 7513.6, 7513.7, 7513.74, and 7513.75.(b) This section shall remain in effect only until Section 7513.74 is repealed, and as of that date is repealed.Amended by Stats 2019 ch 459 (AB 1320),s 3, eff. 1/1/2020.Amended by Stats 2015 ch 605 (SB 185),s 2, eff. 1/1/2016.Amended by Stats 2007 ch 671 (AB 221),s 3, eff. 1/1/2008.Added by Stats 2006 ch 442 (AB 2941),s 3, eff. 1/1/2007.