Prohibits investment managers from assisting in investing moneys belonging to retirement system

Summary

The bill bars the state retirement board from hiring or renewing any investment managers—except for real‑property investments—to handle retirement system assets. It defines “investment manager” broadly and applies to all non‑employee managers of the common retirement fund. The measure aims to limit external management of retirement assets.

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

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