A BILL TO BE ENTITLED
AN ACT to provide additional protections to employees with regard to the investment of pension plan assets.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 135-7(c) reads as rewritten:
"(c)	Custodian of Funds; Disbursements; Bond of Director. – The State Treasurer shall be the custodian of the several funds and shall invest their assets in accordance with the provisions of G.S. 147-69.2 and 147-69.3. The State Treasurer shall invest the assets of the Retirement System as a reasonably prudent investor and for the exclusive benefit of members and beneficiaries of the Retirement System."
SECTION 2.  This act is effective when it becomes law.