Retirement trustee training policy mandate
State of MichiganMichigan- Detected
- Nov 2, 2026
- 4 days ago
- Sector
- Payroll and Pension
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From the meeting
The bill would amend the Public Employee Retirement System Investment Act to require each system investment fiduciary to receive at least 8 hours of professional training and education every two years. It also would require each system's plan administrator to adopt a written corrective-action policy if a fiduciary fails to meet the training requirement. The fiscal note said the Department of Treasury would see a likely negligible cost and would need auditing procedures to track compliance.
As of 2026-11-02, the bill was engrossed and referred to the Committee on Economic Competitiveness.
- Meeting date
- November 2, 2026
- Agency
- State of Michigan
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