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DIGEST OF INTRODUCED BILL
Fund member investment selection. Permits members of the legislators' defined contribution fund, teachers' retirement fund (TRF), and public employees' retirement fund (PERF) to change investment selections once every 30 days, with the change being effective on the first day of the next month that begins at least 30 days after the member's retirement fund receives the change notice. Requires the PERF or TRF board to accept the notice electronically, by fax, or by United States mail.