Tuesday, March 29, 2005

HB 182: SWIB Investments

H.B. 182, P.N. 240 (BELFANTI). This would amend the Administrative Code of 1929, Act 175 of 1929, P.L. 177.
The State Workers’ Insurance Board would be permitted to engage in common stock and securities investing. Up to one fifth of the Fund’s assets, or the Fund’s discounted statutory surplus (whichever amount is less) could be so invested. The Board would be required to meet at least annually to rebalance investments and develop an investment schedule.


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