Text to be removed highlighted in red.
5:1 Retirement System; Investment Committee; Report on Investment Fees. Amend RSA 100-A:15, II-a(c) to read as follows:
(c) Report to the board of trustees at least quarterly on the management, investment, and reinvestment activities of the independent investment committee.
5:2 Retirement System; Independent Investment Committee; Reports. RSA 100-A:15, X is repealed and reenacted to read as follows:
X. The quarterly report of the independent investment committee under subparagraph II(c) and the comprehensive annual financial report under paragraph VI shall be made available for public inspection on the retirement system's Internet website.
5:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: April 23, 2021
Effective Date: June 22, 2021
Text to be added highlighted in green.
5:1 Retirement System; Investment Committee; Report on Investment Fees. Amend RSA 100-A:15, II-a(c) to read as follows:
(c) Report to the board of trustees at least quarterly on the management, investment, and reinvestment activities of the independent investment committee. The report shall include a description of all fees incurred due to investment transactions.
5:2 Retirement System; Independent Investment Committee; Reports. RSA 100-A:15, X is repealed and reenacted to read as follows:
X. The quarterly report of the independent investment committee under subparagraph II(c) and the comprehensive annual financial report under paragraph VI shall be made available for public inspection on the retirement system's Internet website.
5:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: April 23, 2021
Effective Date: June 22, 2021