Act
Public employee retirement system investment act
- Mich. Comp. Laws § 38.1132— Short title; meanings of words and phrases
- Mich. Comp. Laws § 38.1132a— Definitions; A
- Mich. Comp. Laws § 38.1132b— Definitions; D to G
- Mich. Comp. Laws § 38.1132c— Definitions; I to L
- Mich. Comp. Laws § 38.1132d— Definitions; N to P
- Mich. Comp. Laws § 38.1132e— Definitions; S
- Mich. Comp. Laws § 38.1132f— Definitions; V
- Mich. Comp. Laws § 38.1133— Investment authority; investment fiduciary; investing, reinvesting, holding in nominee form, and managing assets of system; powers and duties; compliance with divestment from terror act; costs; "consumer price index" defined; disclosure of fees or other compensation by investment service provider; "investment service provider" defined; prohibited acts; exceptions; requirements; debt instrument issued by foreign country; out-of-state travel; investment in hazardous waste deep disposal well facility; testimony by representative of office of retirement services in department of technology, management, and budget; executive summary of summary annual report; posting on website; submission to legislature; "state unit" defined
- Mich. Comp. Laws § 38.1133a— “MacBride principles” defined; duties of investment fiduciary; effect of unlawful principle
- Mich. Comp. Laws § 38.1133c— Definitions; effort by fiduciary to identify scrutinized companies; assembly into scrutinized companies list; update and availability of list; procedures; report; effectiveness of section; exemption of fiduciary from conflicting statutory or common law obligations; liability; affirmative exclusion from federal sanctions; severability
- Mich. Comp. Laws § 38.1133d— Definitions; scrutinized companies; identification by fiduciaries; assembling scrutinized companies list; update by fiduciary; procedure; report; effectiveness of section; conditions; liability of fiduciary; scrutinized company affirmatively excluded from federal sanctions; effect; severability
- Mich. Comp. Laws § 38.1133e— Prohibited conduct by investment fiduciary, service provider, or covered associate of service provider; exceptions; definitions; official of governmental entity
- Mich. Comp. Laws § 38.1133f— Breach of public trust by investment fiduciary or service provider; "service provider" defined
- Mich. Comp. Laws § 38.1133g— Investment committee; establishment by large sponsored system; duties; recommendation; definitions
- Mich. Comp. Laws § 38.1134— Investment in stock or global security
- Mich. Comp. Laws § 38.1135— Investment in investment companies
- Mich. Comp. Laws § 38.1136— Investment in annuity investment contracts or participations in separate accounts of life insurance company; investment in general account of life insurer; requirements
- Mich. Comp. Laws § 38.1137— Other authorized investments; prohibited investments
- Mich. Comp. Laws § 38.1138— Investment in real estate or mortgages on certain leased real property
- Mich. Comp. Laws § 38.1139— Investment in real estate investment trust or real or personal property
- Mich. Comp. Laws § 38.1139a— State treasurer as investment fiduciary; investments in private equity; limitation; investment fiduciary not state treasurer; limitation
- Mich. Comp. Laws § 38.1139b— Deduction from employee compensation by public employer; automatic enrollment of employee; notice; investment alternatives; liability; definitions
- Mich. Comp. Laws § 38.1140— Investment in secured loans; real property not considered encumbered; investment in part of obligation or participation interest in loan or group of loans; investment in real estate loan; investment in loan or loans or certificate of participation secured by loan or loans made on single family residential property; investment in certificates representing interest in mortgages or group of mortgages; limitations and restrictions; investment in second mortgage; investment with variable interest rate
- Mich. Comp. Laws § 38.1140a— Investment in debt, warrant, or equity interest in small business, small business investment company, or venture capital firm; creation of small business investment companies or venture capital firms to invest in small businesses; limitation
- Mich. Comp. Laws § 38.1140b— Deposits by investment fiduciary
- Mich. Comp. Laws § 38.1140c— Financial institution, trust company, or management company retained as investment fiduciary; investment of system assets in collective investment fund, common trust fund, or pooled fund established and maintained by financial institution or management company; “financial institution” defined
- Mich. Comp. Laws § 38.1140d— Investments not qualified under act
- Mich. Comp. Laws § 38.1140e— Loan of securities by investment fiduciary
- Mich. Comp. Laws § 38.1140f— Transferring and holding securities
- Mich. Comp. Laws § 38.1140g— Investment in securities exempt from taxes
- Mich. Comp. Laws § 38.1140h— Applicable law; retention of financial records; "financial records" defined; disclosure of certain information; actuarial valuation; supplemental actuarial analysis; "proposed pension benefit change" defined; availability and publication of summary annual report
- Mich. Comp. Laws § 38.1140j— Investment in derivatives
- Mich. Comp. Laws § 38.1140k— Investment in global securities; prohibited conduct
- Mich. Comp. Laws § 38.1140l— Financial or proprietary information
- Mich. Comp. Laws § 38.1140m— Employer contribution
- Mich. Comp. Laws § 38.1141— Removal of member of board or body