IFO - Pensions

House Bill 1460

View Bill Info

Session:

2017-2018

Sponsor:

B. Miller

Printer #:

2595

System:

PSERS SERS

Subject:

Actuarial Reporting Administrative Expenses Administrative Operations Fiduciary Responsibility Investments Miscellaneous

Synopsis:

Amends Titles 24 (Education) and 71 (State Government) to require that the annual financial statement of PSERS and SERS include the performance of their investments over the past 20 years. The financial statement must detail the asset class of the investments, the performance both gross and net of fees, and the amount of fees paid to investment managers. In addition, the bill requires that the management reports from auditors must be included in the financial statement.

Comment:

Attachments:

Jun 13, 2017 - IFO Letter (P.N 1865)

Oct 25, 2017 - IFO Letter (P.N. 2595)

Nov 21, 2017 - IFO Letter (A. 04786)

Dec 12, 2017 - IFO Letter (P.N. 2810)

Aug 13, 2018 - IFO Letter (P.N. 3626)

Oct 1, 2018 - IFO Letter (A. 09252)

History:

PN 1865	Referred to STATE GOVERNMENT, May 31, 2017
PN 2595	Reported as amended, Oct. 17, 2017
	First consideration, Oct. 17, 2017
	Laid on the table, Oct. 17, 2017
	Removed from table, Oct. 24, 2017
PN 2745	Second consideration, with amendments, Nov. 21, 2017
	Re-committed to APPROPRIATIONS, Nov. 21, 2017
	(Remarks see House Journal Page 1910-1915), Nov. 21, 2017
PN 2810	Amended in House Committee on APPROPRIATIONS, Dec. 11, 2017
	Re-reported as amended, Dec. 12, 2017
	Third consideration and final passage, Dec. 12, 2017 (192-0)
	In the Senate
	Referred to FINANCE, Jan. 2, 2018
PN 3626	Reported as amended, June 6, 2018
	First consideration, June 6, 2018
	Second consideration, Sept. 25, 2018
	Re-referred to APPROPRIATIONS, Sept. 25, 2018
	Re-reported as committed, Oct. 1, 2018