The department shall prepare and distribute to the employees, at the expense of the retirement fund and in such a manner as it shall deem appropriate, information concerning the retirement system.
The information provided under this section shall include information on the investment policies and investment performance of the retirement fund. In providing this information, to the extent possible, the department shall include the total investment return for the entire fund, for portions of the fund managed by investment managers, and for internally managed portions of the fund, and the cost of managing the fund per thousand dollars of assets. The performance shall be based upon market as well as book value, and shall be contrasted with relevant market indices and with performances of pension funds with similar investment policies and characteristics. This information shall be prepared and available to employees at least on an annual basis.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97B.57]
85 Acts, ch 190, §3
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