§ 5-10.2-14-13 — Board duties concerning certain funds, plans, and accounts

Indiana § 5-10.2-14-13

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 14: ESG Commitment

Text

This chapter does not apply directly to the
defined contribution plans or an annuity savings account described in
section 5(b) of this chapter or a private market fund (as defined in IC 5-10.2-10-11). However, the board shall:
(1) ensure that reasonable efforts are made during the due
diligence process before an investment is made and in monitoring
investments in:
(A) the public employees' defined contribution plan established
under IC 5-10.3-12;
(B) an annuity savings account for the public employees'
retirement fund established under IC 5-10.2-2-2(a)(1);
(C) the teachers' defined contribution plan established under IC 5-10.4-8;
(D) an annuity savings account for the Indiana state teachers'
retirement fund established under IC 5-10.2-2-2(c)(1);
(E) the legislators' defined contribution plan established under
IC 2-3.5-5; or
(F) a private market fund (as defined in IC 5-10.2-10-11);
to determine whether any investments would violate section 9 of
this chapter; and
(2) take appropriate action, if necessary, consistent with the
board's fiduciary duties.

Legislative History

As added by P.L.206-2023, SEC.1.