Most Active Stories
- Reed responds to her firing as NMU student newspaper adviser
- North Wind Board issues statement about controversy
- Journalists' group calls for advisor's reinstatement at The North Wind
- The Psychology of Music in Multimedia: An Interview with NMU Professor Mark Shevy
- Two-car crash in Chocolay Township claims man's life
Thu December 6, 2012
Additional investments provided for public pensions
LANSING, MI (AP)-- Governor Rick Snyder has signed a bill expanding the range of investments that public employee pension funds can make.
The bill signed Wednesday lets public pension managers buy global equities, real estate and private equity funds.
State Senator Mark Jansen is the bill's sponsor.
Snyder's office says the legislation "allows pension systems to take advantage of more diverse investment options."
It says the law also creates "uniform methods of reporting across public systems now are provided so retirees and members of the systems can accurately measure performance."