An Act to mandate the review of climate risk in order to protect public pension beneficiaries and taxpayers

This bill creates a new Climate Risk Investment Review Committee to evaluate how fossil fuel and other climate-related investments affect the state's public pension funds. The committee, which includes representatives from various government agencies, community members, and climate scientists, will meet regularly to study potential financial risks to pension beneficiaries and taxpayers. Annually, the group must submit a report to the pension board and state officials with findings and recommendations on how to manage these risks, and all meeting materials and reports will be made available to the public online.