SB 550 – Requires all state retirement systems to monitor their investments for fraud

• Sponsor: Crowell
• LR Number: 2255S.01I
• Committee: Veterans' Affairs, Pensions and Urban Affairs
• Last Action: 3/3/2009 - Second Read and Referred S Veterans' Affairs, Pensions and Urban Affairs Committee
• Journal Page: S448
• Effective Date: August 28, 2009

Current Bill Summary

SB 550 - This act requires that all state retirement systems monitor their investments on a regular basis to determine the existence of fraud or misdealing. These retirement systems shall also determine whether an action to recover any losses from fraud or misdealing is appropriate.

EMILY KALMER