A bill to amend 1965 PA 314, entitled “Public employee retirement system investment act,” by amending section 13 (MCL 38.1133), as amended by 2018 PA 676.
Requires public employee retirement system investment fiduciaries to complete eight hours of professional training every two years and mandates corrective action policies for noncompliance, with minimal fiscal impact expected.
Co-sponsored by Sens.
Referred to the Committee on Local Government
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 34 to 0 (details)
Referred to the Committee on Economic Competitiveness
