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DIGEST OF INTRODUCED BILL
Alternative investments by pension funds. Encourages the boards of trustees of the public employees' retirement fund and the Indiana state teachers' retirement fund to invest at least 5% of the funds under their control and available for investment in alternative investments. Encourages the boards to place at least $100,000,000 of these alternative investments in certain business sectors over the next ten years. Requires the boards to exercise financial and fiduciary prudence to identify appropriate alternative investments.