Bill > SB23

This bill modifies the investment limits for alternative investments in several Georgia retirement systems. Specifically, it increases the maximum percentage of assets that the Georgia Firefighters' Pension Fund can invest in alternative investments from 15% to 20%. The bill also removes the previous 5% limit on alternative investments for the Employees' Retirement System of Georgia, effectively allowing this system more flexibility in its investment strategy. Alternative investments typically include assets beyond traditional stocks and bonds, such as private equity, real estate, hedge funds, and other less conventional investment vehicles. The change aims to provide these retirement systems with greater opportunities to potentially improve their investment returns and diversify their portfolios. By adjusting these investment limits, the bill gives retirement system managers more discretion in managing their assets while still maintaining prudent investment guidelines.

Labor and Employment

https://www.legis.ga.gov/legislation/69480