2429 AMH CONW SALV 38

HB 2429 - H AMDS 831 WITHDRAWN

By Representative Conway

     On page 2, line 2, after Afund;@ strike Aand@

     On page 2, line 8, after Afund@ insert A; and  (3) Provide to a participant or beneficiary a statement containing information on desired rate of return on assets overall, the desired rates of return and acceptable levels of risk for each asset class, asset-allocation goals, and information on the types of reports to be used to evaluate investment performance.  For purposes of this section, a participant means an individual who is or may become eligible to receive, or is currently receiving, a benefit from a pension fund@

EFFECT: The state investment board is required to provide a statement to participants and beneficiaries of pension funds managed by the board.  This statement will include information on rates of return, levels of risk, asset-allocation and reports to be used to evaluate investment performance.