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D R A F T

FOR DISCUSSION ONLY

MANAGEMENT OF PUBLIC EMPLOYEE PENSION FUNDS ACT

____________________

NATIONAL CONFERENCE OF COMMISSIONERS

ON UNIFORM STATE LAWS

____________________

April 1, 1996, Draft

MANAGEMENT OF PUBLIC EMPLOYEE

PENSION FUNDS ACT

Without Prefatory Note and Comments

COPYRIGHT 1996

By

NATIONAL CONFERENCE OF COMMISSIONERS

ON UNIFORM STATE LAWS

_________________________________________________________________

The ideas and conclusions herein set forth, including drafts of proposed legislation, have not been passed upon by the National Conference of Commissioners on Uniform State Laws. They do not necessarily reflect the views of the Committee, Reporters or Commissioners. Proposed statutory language, if any, may not be used to ascertain legislative meaning of any promulgated final law.

DRAFTING COMMITTEE ON MANAGEMENT OF PUBLIC EMPLOYEE

PENSION FUNDS ACT

DWIGHT A. HAMILTON, Ste. 600, 1600 Broadway, Denver, CO 80202, Chair

JERRY L. BASSETT, Legislative Reference Service, 613 Alabama State House,

11 S. Union St., Montgomery, AL 36130

THOMAS S. LINTON, 4323 Shorebrook Dr., Columbia, SC 29206

RICHARD B. LONG, P.O. Box 2039, One Marine Midland Plaza, Binghamton, NY 13902

EDWARD F. LOWRY, JR., Ste. 1120, 2901 N. Central Ave., Phoenix, AZ 85012

DAVID T. PROSSER, JR., P.O. Box 8953, Rm. 211 W., State Capitol, Madison, WI 53708

MILLARD H. RUUD, Univ. of Texas, School of Law, 727 E. 26th St., Austin, TX 78705

STEPHEN W. WILBORN, Ste. 403, 305 Ann St., Frankfort, KY 40601

STEVEN L. WILLBORN, Univ. of Nebraska, College of Law, Lincoln, NE 68583, Reporter

EX OFFICIO

BION M. GREGORY, Office of Legislative Counsel, State Capitol, Suite 3021, Sacramento,

CA 95814-4996, President

JOHN H. LANGBEIN, Yale Law School, P.O. Box 208215, New Haven, CT 06520,

Chair, Division D

EXECUTIVE DIRECTOR

FRED H. MILLER, University of Oklahoma, College of Law, 300 Timberdell Road, Norman, OK 73019, Executive Director

WILLIAM J. PIERCE, 1505 Roxbury Road, Ann Arbor, MI 48104, Executive Director Emeritus

Copies of this Act may be obtained from:

NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS

676 North St. Clair Street, Suite 1700

Chicago, Illinois 60611

312/915-0195