State Retirement and Pension System - Investment Management Fees
Sponsor: Delegate BarveCommittee: AppropriationsSubject: State Pensions and RetirementStatus: Hearing 3/10 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Altering a requirement that the Board of Trustees for the State Retirement and Pension System provide a quarterly estimate of certain external investment management services; prohibiting the Board of Trustees from incurring fees for external investment management services that exceed 0.2% of the market value of invested assets as of the last day of the preceding fiscal year; exempting from the prohibition certain fees incurred under a contract entered into on or before June 30, 2020; etc.
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Testimony (3)
MGA witness listFAV 1FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Barve, Delegate Barvelegislator | Individual | Oral + Written (PDF) |
| UNF | Costantino Jr., Louis | Managed Funds Association | Written (PDF) |
| UNF | palmer, andy | state retirement | Oral + Written (PDF) |