Section 5-10.2-14-13 - Board duties concerning certain funds, plans, and accountsThis chapter does not apply directly to the defined contribution plans or an annuity savings account described in section 5(b) of this chapter or a private market fund (as defined in IC 5-10.2-10-11). However, the board shall:
(1) ensure that reasonable efforts are made during the due diligence process before an investment is made and in monitoring investments in: (A) the public employees' defined contribution plan established under IC 5-10.3-12;(B) an annuity savings account for the public employees' retirement fund established under IC 5-10.2-2-2(a)(1);(C) the teachers' defined contribution plan established under IC 5-10.4-8;(D) an annuity savings account for the Indiana state teachers' retirement fund established under IC 5-10.2-2-2(c)(1);(E) the legislators' defined contribution plan established under IC 2-3.5-5; or(F) a private market fund (as defined in IC 5-10.2-10-11); to determine whether any investments would violate section 9 of this chapter; and
(2) take appropriate action, if necessary, consistent with the board's fiduciary duties.Added by P.L. 206-2023,SEC. 1, eff. 7/1/2023.