Bill > HB78

This bill modifies the investment limits for alternative investments in several Georgia public retirement systems. Specifically, it increases the maximum percentage of assets that can be invested in alternative investments for the Georgia Firefighters' Pension Fund from 15% to 20%. The bill also removes the 5% alternative investment limit for the Employees' Retirement System of Georgia, effectively allowing this system more flexibility in its investment strategy. Alternative investments typically refer to non-traditional investment assets such as private equity, hedge funds, real estate, or other less conventional investment vehicles. The bill aims to provide these retirement systems with greater latitude in managing their investment portfolios, potentially allowing for more diverse and potentially higher-yielding investment opportunities while maintaining overall financial prudence. By adjusting these investment limits, the legislation seeks to optimize the financial performance and management of Georgia's public retirement systems.

Labor and Employment

https://www.legis.ga.gov/legislation/69410