Text: S05671 Text: S05673 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2496, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 95, by inserting after line 26 the 1 4 following: 1 5 "Sec. ___. COMPREHENSIVE EXAMINATION OF PUBLIC 1 6 RETIREMENT SYSTEM FUNDS AND INVESTMENT 1 7 CONSOLIDATION REPORT. 1 8 1. The director of the financial division of the 1 9 public safety peace officers' retirement, accident, 1 10 and disability system, the chief investment officer 1 11 and chief benefits officer of the Iowa public 1 12 employees' retirement system, the executive director 1 13 of the statewide fire and police retirement system, 1 14 and the state court administrator or designee on 1 15 behalf of the judicial retirement system, hereafter, 1 16 "the systems' representatives", and the treasurer of 1 17 state shall conduct a study and submit findings and a 1 18 recommended proposal or proposals concerning the 1 19 consolidation of the retirement funds and investment 1 20 function of each retirement system under 1 21 consideration. 1 22 2. The study shall not propose a consolidation of 1 23 the retirement systems but shall include consideration 1 24 of both of the following issues: 1 25 a. The investment policies and performance of each 1 26 of the funds. 1 27 b. The potential advantages and disadvantages of 1 28 pooling the retirement funds of each retirement system 1 29 into a single consolidated retirement fund, with 1 30 separate accounts for each retirement system, for 1 31 purposes of investing the moneys in the consolidated 1 32 retirement fund. 1 33 c. Establishment of a unified investment board or 1 34 other governing structure for purposes of directing 1 35 the investment policy of the moneys in the 1 36 consolidated retirement fund. 1 37 3. On or before September 1, 1999, the systems' 1 38 representatives and the treasurer of state shall file 1 39 a report with the legislative service bureau, for 1 40 distribution to the public retirement systems 1 41 committee, which contains the results of the study 1 42 which shall include consideration of the issues for 1 43 consideration listed in subsection 2." 1 44 #2. By renumbering as necessary. 1 45 1 46 1 47 1 48 ROD HALVORSON 1 49 HF 2496.716 77 1 50 ec/sc/28
Text: S05671 Text: S05673 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
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