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MS SB2394
Bill
AI Summary
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Requires the Board of Trustees of the Public Employees' Retirement System to engage a CEFEX-certified investment firm with a CEFEX-certified analyst during 2024 to conduct a fiduciary assessment of the system's funds and practices.
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Mandates the Board submit the fiduciary assessment report to each member of the Legislature no later than January 30, 2025.
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Brings forward Section 25-11-119, Mississippi Code of 1972, which establishes requirements for the Board regarding actuarial data, public records, financial reporting, audits, meeting schedules, and employment of advisory personnel including actuaries and medical boards.
Legislative Description
PERS; require to engage CEFEX-certified and affiliated investment firm for fiduciary assessment of funds and practices.
Last Action
Died In Committee
3/5/2024