Act 314 of 1965 Public Employee Retirement System Investment Act (38.1121 - 38.1141)

Act 314 of 1965 Public Employee Retirement System Investment Act (38.1121 - 38.1141)

Section 38.1121-38.1131 Repealed. 1982, Act 55, Imd. Eff. Apr. 6, 1982.
Section 38.1132 Short Title; Meanings of Words and Phrases.
Section 38.1132a Definitions; A.
Section 38.1132b Definitions; D to G.
Section 38.1132c Definitions; I to L.
Section 38.1132d Definitions; N to P.
Section 38.1132e Definitions; S.
Section 38.1132f Definitions; V.
Section 38.1133 Investment Authority; Investment Fiduciary; Investing, Reinvesting, Holding in Nominee Form, and Managing Assets of System; Powers and Duties; Compliance With Divestment From Terror Act; Costs; "Consumer Price Index" Defined; Disclosure of Fees or Other Compensation by Investment Service Provider; "Investment Service Provider" Defined; Prohibited Acts; Exceptions; Requirements; Debt Instrument Issued by Foreign Country; Out-of-State Travel; Investment in Hazardous Waste Deep Disposal Well Facility; Testimony by Representative of Office of Retirement Services in Department of Technology, Management, and Budget; Executive Summary of Summary Annual Report; Posting on Website; Submission to Legislature; "State Unit" Defined.
Section 38.1133a “Macbride Principles” Defined; Duties of Investment Fiduciary; Effect of Unlawful Principle.
Section 38.1133b Repealed. 1993, Act 214, Imd. Eff. Oct. 27, 1993.
Section 38.1133c Definitions; Effort by Fiduciary to Identify Scrutinized Companies; Assembly Into Scrutinized Companies List; Update and Availability of List; Procedures; Report; Effectiveness of Section; Exemption of Fiduciary From Conflicting Statutory or Common Law Obligations; Liability; Affirmative Exclusion From Federal Sanctions; Severability.
Section 38.1133d Definitions; Scrutinized Companies; Identification by Fiduciaries; Assembling Scrutinized Companies List; Update by Fiduciary; Procedure; Report; Effectiveness of Section; Conditions; Liability of Fiduciary; Scrutinized Company Affirmatively Excluded From Federal Sanctions; Effect; Severability.
Section 38.1133e Prohibited Conduct by Investment Fiduciary, Service Provider, or Covered Associate of Service Provider; Exceptions; Definitions; Official of Governmental Entity.
Section 38.1133f Breach of Public Trust by Investment Fiduciary or Service Provider; "Service Provider" Defined.
Section 38.1133g Investment Committee; Establishment by Large Sponsored System; Duties; Recommendation; Definitions.
Section 38.1134 Investment in Stock or Global Security.
Section 38.1135 Investment in Investment Companies.
Section 38.1136 Investment in Annuity Investment Contracts or Participations in Separate Accounts of Life Insurance Company; Investment in General Account of Life Insurer; Requirements.
Section 38.1137 Other Authorized Investments; Prohibited Investments.
Section 38.1138 Investment in Real Estate or Mortgages on Certain Leased Real Property.
Section 38.1139 Investment in Real Estate Investment Trust or Real or Personal Property.
Section 38.1139a State Treasurer as Investment Fiduciary; Investments in Private Equity; Limitation; Investment Fiduciary Not State Treasurer; Limitation.
Section 38.1139b Deduction From Employee Compensation by Public Employer; Automatic Enrollment of Employee; Notice; Investment Alternatives; Liability; Definitions.
Section 38.1140 Investment in Secured Loans; Real Property Not Considered Encumbered; Investment in Part of Obligation or Participation Interest in Loan or Group of Loans; Investment in Real Estate Loan; Investment in Loan or Loans or Certificate of Participation Secured by Loan or Loans Made on Single Family Residential Property; Investment in Certificates Representing Interest in Mortgages or Group of Mortgages; Limitations and Restrictions; Investment in Second Mortgage; Investment With Variable Interest Rate.
Section 38.1140a Investment in Debt, Warrant, or Equity Interest in Small Business, Small Business Investment Company, or Venture Capital Firm; Creation of Small Business Investment Companies or Venture Capital Firms to Invest in Small Businesses; Limitation.
Section 38.1140b Deposits by Investment Fiduciary.
Section 38.1140c Financial Institution, Trust Company, or Management Company Retained as Investment Fiduciary; Investment of System Assets in Collective Investment Fund, Common Trust Fund, or Pooled Fund Established and Maintained by Financial Institution or Management Company; “Financial Institution” Defined.
Section 38.1140d Investments Not Qualified Under Act.
Section 38.1140e Loan of Securities by Investment Fiduciary.
Section 38.1140f Transferring and Holding Securities.
Section 38.1140g Investment in Securities Exempt From Taxes.
Section 38.1140h Applicable Law; Retention of Financial Records; "Financial Records" Defined; Disclosure of Certain Information; Actuarial Valuation; Supplemental Actuarial Analysis; "Proposed Pension Benefit Change" Defined; Availability and Publication of Summary Annual Report.
Section 38.1140i Repealed. 2000, Act 307, Imd. Eff. Oct. 16, 2000.
Section 38.1140j Investment in Derivatives.
Section 38.1140k Investment in Global Securities; Prohibited Conduct.
Section 38.1140l Financial or Proprietary Information.
Section 38.1140m Employer Contribution.
Section 38.1141 Removal of Member of Board or Body.

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