Relating to the fiduciary responsibility of the governing body of the public retirement systems in this state and the investment managers and proxy advisors acting on behalf of those systems.
Modifies provisions related to proxy voting and fiduciary investment duties for certain public employee retirement and pension systems
Relating to reporting requirements for a public retirement system that authorizes the system's shares to be voted by a proxy advisor or investment manager.
Modifies provisions relating to fiduciary duties for investments of public employee retirement systems
Requires fiduciaries of public retirement systems to make investment decisions based solely on financial factors. (6/30/25) (OR SEE ACTUARIAL NOTE APV)
AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.
Relative to environmental, social, and governance-related investment strategies by the state retirement system.
ASRS; investments; fiduciaries; duties; limitations
Government investments; products; fiduciaries; plans
Relating to the provision of proxy advisory services in connection with certain entities domiciled in this state.