SB170 - Specifies that defined benefit retirement plans are required to submit quarterly reports on their investment performance to the Joint Committee on Public Employee Retirement

SB 170

Specifies that defined benefit retirement plans are required to submit quarterly reports on their investment performance to the Joint Committee on Public Employee Retirement

Sponsor:

Crowell

LR Number:

0161S.02I

Committee:

Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs

Last Action:

1/27/2011 - Second Read and Referred S Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs Committee

Journal Page:

S161

Title:

Calendar Position:

Effective Date:

August 28, 2011

Current Bill Summary

SB 170 - This act specifies that each public retirement system that provides a defined benefit retirement plan shall be required to submit a quarterly report about the plan's investment performance to the Joint Committee on Public Employee Retirement. If the plan fails to submit this report, the committee may subpoena witnesses, take testimony under oath, and compel the production of records regarding this information according to the committee's statutory authority.

This act is identical to a provision of SS/SCS/HB 282 (2011).

EMILY KALMER

Amendments