Relating to retirement; modifying state board of investment authority provisions; allowing the local police and paid fire relief association governing board to certify general fund assets of the association for the state board of investment to invest and requiring use of state board formula; removing certain local police and paid fire relief association special fund and teacher investment options; modifying the public pension fiduciary responsibility authorized investment securities limited list and the expanded list of authorized investment securities, requiring liquidation of prior investment assets not authorized under the new provisions
(rt)