PERAC Memo #44 - 1999: Supplemental Investment Regulations
Supplemental Investment Regulations
View original on MA State Library →Summary
PERAC Memo #44/1999 notes that the July 1998 investment regulation changes removed percentage restrictions on equity and fixed income holdings, but any supplementary regulations previously approved for a board's system (which had exceeded pre-1998 limits) remain in force until the board formally requests their amendment or elimination. Boards should review their existing supplementary regulations and submit any requested changes or elimination requests to PERAC.
Full Text
PERAC MEMO #44/1999 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Supplemental Investment Regulations DATE: November 16, 1999 In July of 1998 the investment regulations were changed to eliminate restrictions on the percentage of holdings of equities and fixed income securities. Many systems had previously received approval for supplementary regulations that exceeded the limitations of the regulations that were in effect prior to July of 1998. These supplementary regulations remain in effect until the retirement board requests an amendment or elimination of these regulations. Please review the supplementary regulations that are in effect at your system and send to PERAC any requests for changes or elimination of these regulations.