MS SB2839

Increases the investment limit for the Mississippi Public Employees' Retirement System (PERS) from 10% to 20% of total book value for alternative investments not otherwise specifically authorized by statute

Alternative investments covered include separate accounts managed by SEC-registered investment advisory firms, limited partnerships, or commingled funds approved by the Board of Trustees

Maintains requirement that any person or entity exercising discretionary authority over these investments must act as a fiduciary

Preserves existing investment limits for other categories, including the 80% cap on stocks, 5% cap on pooled/commingled funds, and 10% cap on real estate investments

Effective date of July 1, 2022