Trustee continuing education mandate
State of MichiganMichigan- Detected
- Oct 27, 2026
- 6 days ago
- Sector
- Payroll and Pension
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From the meeting
Michigan amended the Public Employee Retirement System Investment Act to require each system investment fiduciary to complete 8 hours of professional training and education every 2 years. Plan administrators must also adopt a written corrective-action policy for fiduciaries who miss the requirement. The fiscal note said the Department of Treasury cost increase would be likely negligible, with minimal auditing procedures needed.
This creates ongoing training, compliance tracking, and policy-support demand for every covered retirement system.
- Meeting date
- October 27, 2026
- Agency
- State of Michigan
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