State Codes and Statutes
Statutes > Michigan > Chapter-38 > Act-149-of-1999 > Section-38-1216PUBLIC EMPLOYEE HEALTH CARE FUND INVESTMENT ACT (EXCERPT)
Act 149 of 1999
38.1216 Actuarial review; report.
Sec. 6.
The investment fiduciary shall have an actuarial review of the fund or trust prepared at least every 5 years with assets valued on a market related basis. The investment fiduciary shall prepare and issue a summary annual report to the legislative body of the public corporation that established the fund or trust.
History: 1999, Act 149, Imd. Eff. Nov. 1, 1999
