The bill focuses on training public pension fund and State fund fiduciaries. It aims to enhance the knowledge and skills of these individuals responsible for managing funds to ensure better decision-making and protection of assets. The main provisions include establishing training programs, workshops, and resources for fiduciaries to improve their understanding of fiduciary duties, investment strategies, risk management, and ethics. The bill seeks to promote transparency, accountability, and professionalism among fiduciaries to safeguard the financial interests of beneficiaries. Overall, the bill aims to strengthen governance practices within public pension funds and State funds by providing comprehensive training opportunities for fiduciaries.
2023-06-21: Referred to FINANCE
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