MCL - Index of Act 314 of 1965
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 314 of 1965 | PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (38.1121 - 38.1141) |
| Section 38.1121-38.1131 | Repealed. 1982, Act 55, Imd. Eff. Apr. 6, 1982. |
| Section 38.1132 | Short title; meanings of words and phrases. |
| Section 38.1132a | Definitions; A. |
| Section 38.1132b | Definitions; D to G. |
| Section 38.1132c | Definitions; I to L. |
| Section 38.1132d | Definitions; N to P. |
| Section 38.1132e | Definitions; S. |
| Section 38.1132f | Definitions; V. |
| Section 38.1133 | Investment authority; investment fiduciary; investing, reinvesting, holding in nominee form, and managing assets of system; powers and duties; compliance with divestment from terror act; costs; "consumer price index" defined; disclosure of fees or other compensation by investment service provider; "investment service provider" defined; prohibited acts; exceptions; requirements; debt instrument issued by foreign country; out-of-state travel; investment in hazardous waste deep disposal well facility; testimony by representative of office of retirement services in department of technology, management, and budget; executive summary of summary annual report; posting on website; submission to legislature; "state unit" defined. |
| Section 38.1133a | “MacBride principles” defined; duties of investment fiduciary; effect of unlawful principle. |
| Section 38.1133b | Repealed. 1993, Act 214, Imd. Eff. Oct. 27, 1993. |
| Section 38.1133c | Definitions; effort by fiduciary to identify scrutinized companies; assembly into scrutinized companies list; update and availability of list; procedures; report; effectiveness of section; exemption of fiduciary from conflicting statutory or common law obligations; liability; affirmative exclusion from federal sanctions; severability. |
| Section 38.1133d | Definitions; scrutinized companies; identification by fiduciaries; assembling scrutinized companies list; update by fiduciary; procedure; report; effectiveness of section; conditions; liability of fiduciary; scrutinized company affirmatively excluded from federal sanctions; effect; severability. |
| Section 38.1133e | Prohibited conduct by investment fiduciary, service provider, or covered associate of service provider; exceptions; definitions; official of governmental entity. |
| Section 38.1133f | Breach of public trust by investment fiduciary or service provider; "service provider" defined. |
| Section 38.1133g | Investment committee; establishment by large sponsored system; duties; recommendation; definitions. |
| Section 38.1134 | Investment in stock or global security. |
| Section 38.1135 | Investment in investment companies. |
| Section 38.1136 | Investment in annuity investment contracts or participations in separate accounts of life insurance company; investment in general account of life insurer; requirements. |
| Section 38.1137 | Other authorized investments; prohibited investments. |
| Section 38.1138 | Investment in real estate or mortgages on certain leased real property. |
| Section 38.1139 | Investment in real estate investment trust or real or personal property. |
| Section 38.1139a | State treasurer as investment fiduciary; investments in private equity; limitation; investment fiduciary not state treasurer; limitation. |
| Section 38.1139b | Deduction from employee compensation by public employer; automatic enrollment of employee; notice; investment alternatives; liability; definitions. |
| Section 38.1140 | Investment in secured loans; real property not considered encumbered; investment in part of obligation or participation interest in loan or group of loans; investment in real estate loan; investment in loan or loans or certificate of participation secured by loan or loans made on single family residential property; investment in certificates representing interest in mortgages or group of mortgages; limitations and restrictions; investment in second mortgage; investment with variable interest rate. |
| Section 38.1140a | Investment in debt, warrant, or equity interest in small business, small business investment company, or venture capital firm; creation of small business investment companies or venture capital firms to invest in small businesses; limitation. |
| Section 38.1140b | Deposits by investment fiduciary. |
| Section 38.1140c | Financial institution, trust company, or management company retained as investment fiduciary; investment of system assets in collective investment fund, common trust fund, or pooled fund established and maintained by financial institution or management company; “financial institution” defined. |
| Section 38.1140d | Investments not qualified under act. |
| Section 38.1140e | Loan of securities by investment fiduciary. |
| Section 38.1140f | Transferring and holding securities. |
| Section 38.1140g | Investment in securities exempt from taxes. |
| Section 38.1140h | Applicable law; retention of financial records; "financial records" defined; disclosure of certain information; actuarial valuation; supplemental actuarial analysis; "proposed pension benefit change" defined; availability and publication of summary annual report. |
| Section 38.1140i | Repealed. 2000, Act 307, Imd. Eff. Oct. 16, 2000. |
| Section 38.1140j | Investment in derivatives. |
| Section 38.1140k | Investment in global securities; prohibited conduct. |
| Section 38.1140<Emph EmphType="italic">l</Emph> | Financial or proprietary information. |
| Section 38.1140m | Employer contribution. |
| Section 38.1141 | Removal of member of board or body. |