SB01557: An Act Establishing The Investment Board And Concerning Independent Review Of The Investment Performance Of The State's Pension Funds.

Legislative Summary

To (1) establish the Investment Board and sunset the Investment Advisory Council, and (2) require the Office of Legislative Management to issue a request for proposals for an advisory firm to conduct an independent review of the investment performance of the state's pension funds relative to peer states' investment performances and submit a report of such review on an annual basis.