Sec. 6.
The investment fiduciary shall have an actuarial review of the fund or trust prepared at least every 5 years with assets valued on a market related basis. The investment fiduciary shall prepare and issue a summary annual report to the legislative body of the public corporation that established the fund or trust.
History: 1999, Act 149, Imd. Eff. Nov. 1, 1999
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 149 of 1999 - Public Employee Health Care Fund Investment Act (38.1211 - 38.1216)
Section 38.1211 - Short Title.
Section 38.1212 - Definitions.
Section 38.1213 - Establishment of Public Employee Health Care Fund; Resolution.
Section 38.1214 - Investment Fiduciary; Duties.
Section 38.1214b - Compensation.