Maine Revised Statutes Title 5 Sec. 17434 – Administration of investment trust fund
Current as of: 2023 | Check for updates
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1. Administration. The trustees of the investment trust fund may delegate to the chief executive officer, Chief Investment Officer or other staff of the system as appropriate the responsibility to carry out, as directed by the trustees of the investment trust fund, the administration of the investment trust fund and its investment and disbursement activities.
[PL 2007, c. 240, Pt. RRR, §2 (NEW); PL 2021, c. 548, §45 (REV).]
Terms Used In Maine Revised Statutes Title 5 Sec. 17434
- Chief executive officer: means the Chief Executive Officer of the Maine Public Employees Retirement System. See Maine Revised Statutes Title 5 Sec. 17001
- Investment trust fund: means the Retiree Health Insurance Post-employment Benefits Investment Trust Fund established in section 17432. See Maine Revised Statutes Title 5 Sec. 17431
- System: means the Maine Public Employees Retirement System. See Maine Revised Statutes Title 5 Sec. 17431
2. Expenses. Associated administrative costs and expenses attributable to the investment trust fund must be charged to the investment trust fund.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW). PL 2021, c. 548, §45 (REV).