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MI HB5293
Bill
Status
9/2/2009
Primary Sponsor
Douglas Geiss
Click for details
AI Summary
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Requires board members of public employee retirement systems to complete a training program within 1 month of assuming their position and annually thereafter
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Training must cover requirements of applicable investment laws and ethical requirements of fiduciaries under common law and the Public Employee Retirement System Investment Act
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Authorizes the Department of Treasury to either offer the training program directly or review and certify training programs provided by other entities
Legislative Description
Public employees and officers; ethics; training requirements for pension fund trustees; establish. Amends 1965 PA 314 (MCL 38.1132 - 38.1140m) by adding sec. 13e.
Public employees and officers, ethics
Last Action
Printed Bill Filed 09/03/2009
9/9/2009