Bill Title: Retirement; investments; investment of assets of public employee retirement systems; clarify regarding professional education and training, including travel, for board members, specify procedures for removal of board members, and update definitions regarding global securities. Amends secs. 12b, 12c, 13, 14, 15, 17, 19, 19a, 20c, 20d, 20h, 20k & 20m of 1965 PA 314 (MCL 38.1132b et seq.) & adds secs. 13e, 13f & 21.

Spectrum: Moderate Partisan Bill (Republican 10-3)

Status: (Passed) 2012-12-11 - Assigned Pa 0347'12 [SB0797 Detail]

Text: Latest bill text (Chaptered) [HTML]

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