diff --git a/activerecord/CHANGELOG.md b/activerecord/CHANGELOG.md
index 4c594cc19bc26..3b140b9ec31d0 100644
--- a/activerecord/CHANGELOG.md
+++ b/activerecord/CHANGELOG.md
@@ -1,5 +1,15 @@
 ## Rails 4.0.0 (unreleased) ##
 
+*   Expand `#cache_key` to consult all relevant updated timestamps.
+
+    Previously only `updated_at` column was checked, now it will
+    consult other columns that received updated timestamps on save,
+    such as `updated_on`.  When multiple columns are present it will
+    use the most recent timestamp.
+    Fixes #9033.
+
+    *Brendon Murphy*
+
 *   Throw `NotImplementedError` when trying to instantiate `ActiveRecord::Base` or an abstract class.
 
     *Aaron Weiner*
diff --git a/activerecord/lib/active_record/integration.rb b/activerecord/lib/active_record/integration.rb
index 32d35f0ec1097..48c73d77817ed 100644
--- a/activerecord/lib/active_record/integration.rb
+++ b/activerecord/lib/active_record/integration.rb
@@ -49,7 +49,7 @@ def cache_key
       case
       when new_record?
         "#{self.class.model_name.cache_key}/new"
-      when timestamp = self[:updated_at]
+      when timestamp = max_updated_column_timestamp
         timestamp = timestamp.utc.to_s(cache_timestamp_format)
         "#{self.class.model_name.cache_key}/#{id}-#{timestamp}"
       else
diff --git a/activerecord/lib/active_record/timestamp.rb b/activerecord/lib/active_record/timestamp.rb
index 8ded6d4a8661d..ae99cff35e211 100644
--- a/activerecord/lib/active_record/timestamp.rb
+++ b/activerecord/lib/active_record/timestamp.rb
@@ -98,6 +98,12 @@ def all_timestamp_attributes
       timestamp_attributes_for_create + timestamp_attributes_for_update
     end
 
+    def max_updated_column_timestamp
+      if (timestamps = timestamp_attributes_for_update.map { |attr| self[attr] }.compact).present?
+        timestamps.map { |ts| ts.to_time }.max
+      end
+    end
+
     def current_time_from_proper_timezone
       self.class.default_timezone == :utc ? Time.now.utc : Time.now
     end
diff --git a/activerecord/test/cases/base_test.rb b/activerecord/test/cases/base_test.rb
index 8e6e4624044e4..e5880a6b7b96a 100644
--- a/activerecord/test/cases/base_test.rb
+++ b/activerecord/test/cases/base_test.rb
@@ -1455,12 +1455,30 @@ def test_cache_key_changes_when_child_touched
     assert_not_equal key, car.cache_key
   end
 
-  def test_cache_key_format_for_existing_record_with_nil_updated_at
+  def test_cache_key_format_for_existing_record_with_nil_updated_timestamps
     dev = Developer.first
-    dev.update_columns(updated_at: nil)
+    dev.update_columns(updated_at: nil, updated_on: nil)
     assert_match(/\/#{dev.id}$/, dev.cache_key)
   end
 
+  def test_cache_key_for_updated_on
+    dev = Developer.first
+    dev.updated_at = nil
+    assert_equal "developers/#{dev.id}-#{dev.updated_on.utc.to_s(:nsec)}", dev.cache_key
+  end
+
+  def test_cache_key_for_newer_updated_at
+    dev = Developer.first
+    dev.updated_at += 3600
+    assert_equal "developers/#{dev.id}-#{dev.updated_at.utc.to_s(:nsec)}", dev.cache_key
+  end
+
+  def test_cache_key_for_newer_updated_on
+    dev = Developer.first
+    dev.updated_on += 3600
+    assert_equal "developers/#{dev.id}-#{dev.updated_on.utc.to_s(:nsec)}", dev.cache_key
+  end
+
   def test_touch_should_raise_error_on_a_new_object
     company = Company.new(:rating => 1, :name => "37signals", :firm_name => "37signals")
     assert_raises(ActiveRecord::ActiveRecordError) do
diff --git a/activerecord/test/schema/schema.rb b/activerecord/test/schema/schema.rb
index cd9835259a085..118271b5945ff 100644
--- a/activerecord/test/schema/schema.rb
+++ b/activerecord/test/schema/schema.rb
@@ -219,6 +219,8 @@ def create_table(*args, &block)
     t.integer  :salary, :default => 70000
     t.datetime :created_at
     t.datetime :updated_at
+    t.datetime :created_on
+    t.datetime :updated_on
   end
 
   create_table :developers_projects, :force => true, :id => false do |t|