Public Retirement Systems Investment Authority Law; provide certain retirement systems the option to invest in real estate

Summary

The bill amends the Public Retirement Systems Investment Authority Law to let the Georgia Municipal Employees Benefit System, the Firefighters' Pension Fund, and other large retirement systems (excluding the state Employees' and Teachers' systems) invest up to 10% of their assets in real estate. It also sets retention rights for existing real‑estate holdings if fund values fall and revises overall alternative‑investment caps for several large retirement systems. The changes expand investment options while establishing new limits.

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