Ga. Senate OKs Bill Allowing Riskier Pension Investments

Law360, New York (February 23, 2012, 6:52 PM EST) -- Georgia's Senate passed a bill on Thursday that would allow state employees' public pension funds to try to secure higher returns by making potentially risky private investments, including in venture capital funds.

The bill, sponsored by Retirement Committee Chairman State Sen. Tim Golden, passed by a 50-4 vote in the senate and is now slated to move to the house of representatives' retirement committee.

The proposed law would allow no more than 5 percent of the retirement system's total investments to go into alternative investments, and...
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