PSPRS; investments

Summary

The bill establishes a board of trustees, appointed by state leaders and nominated by law‑enforcement, firefighter, city, town and county groups, to oversee the Public Safety Personnel Retirement System (PSPRS). It gives the board broad authority to manage, invest and even commingle assets across related retirement plans, while imposing caps on stock holdings and prohibiting certain high‑risk or prohibited investments. The measure also sets reporting, audit and liability protections for the board and its staff.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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