http://www.michiganvotes.org/forum/forums/14.aspxenCommunityServer 2008 (Debug Build: 30417.1769)http://www.michiganvotes.org/forum/forums/thread/262076.aspxSun, 16 Nov 2008 13:20:05 GMT85480579-cbb1-4596-8e66-ca77d6981342:262076Anonymous Citizen0http://www.michiganvotes.org/forum/forums/thread/262076.aspxhttp://www.michiganvotes.org/forum/forums/commentrss.aspx?SectionID=14&PostID=262076When will we non-government people who help (by taxation) pay for these generous pensions get one ? You know, the ones that lost theirs or have none to start with.http://www.michiganvotes.org/forum/forums/thread/235860.aspxMon, 01 Jan 2001 05:00:00 GMT85480579-cbb1-4596-8e66-ca77d6981342:235860admin0http://www.michiganvotes.org/forum/forums/thread/235860.aspxhttp://www.michiganvotes.org/forum/forums/commentrss.aspx?SectionID=14&PostID=235860Introduced in the House on September 24, 2008, to revise the investment rules for state and municipal pension funds. The bill would increase from 5 percent to 10 percent the amount the funds can invest in real estate investment trusts (REIT), and increase from 15 percent to 30 percent the allowable amount in "derivatives." Municipal pension investements in non-publicly traded private equity firms would be capped at 5 to 15 percent depending on the size of the fund, but there would be no cap on the amount of state funds in these. The state could increase "investments not otherwise qualified" under specific provisions from 20 percent to 25 percent<br><br>The vote was 55 in favor, 47 opposed and 8 not voting<br><br>(House Roll Call 868 at House Journal 85)<br><br><a href='http://www.michiganvotes.org/2008-HB-6500'>Click here to view bill details.</a>