Retirement; investments; investment of assets of public employee retirement systems; clarify regarding professional education and training, including travel, for board members, specify procedures for removal of board members, and update definitions regarding global securities. Amends secs. 12b, 13, 14, 15, 19, 19a, 20c, 20d, 20h, 20k & 20m of
1965 PA 314 (MCL
38.1132b et seq.) & adds sec. 21.