Unfortunate Provisions Make Pensions Investment Bill Anti-Free Market
Authored by Rep. Ethan Manning (R-Logansport), House Bill 1008 provides that a fiduciary, in making and supervising investments of funds of the public pension system, shall discharge the fiduciary’s duties solely in the financial interest of the participants and beneficiaries of the public pension system. It also sets out that any investment action should not be taken based upon [...]