Retirement: other; continuing education requirements for trustees; provide for. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).

This bill amends Michigan's Public Employee Retirement System Investment Act to establish continuing education requirements for investment fiduciaries. Specifically, it mandates that these fiduciaries complete at least eight hours of professional training and education every two years, with policies covering ethics, travel, and reporting. Additionally, the legislation requires the publication of detailed annual reports that include financial performance data, administrative expenditures, and specific information regarding out-of-state travel funded by public money. These changes directly affect the individuals managing retirement assets and the systems they oversee by increasing transparency and ensuring ongoing professional development.