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SECTION 1. DEFINITIONS . . . . . . . . . . . . . . . . . 5

SECTION 2. SCOPE . . . . . . . . . . . . . . . . . . . . 12

SECTION 3. ESTABLISHMENT OF TRUST . . . . . . . . . . . 15

SECTION 4. POWERS OF TRUSTEE . . . . . . . . . . . . . . 17

SECTION 5. DELEGATION OF FUNCTIONS . . . . . . . . . . . 21

SECTION 6. GENERAL DUTIES OF TRUSTEE AND FIDUCIARY . . . 24

SECTION 7. DUTIES OF TRUSTEE IN INVESTING AND MANAGING

ASSETS OF RETIREMENT SYSTEM . . . . . . . . . 29

SECTION 8. APPLICATION OF TRUSTEE AND FIDUCIARY DUTIES . 35

SECTION 9. LIABILITY OF TRUSTEE OR FIDUCIARY . . . . . . 41

SECTION 10. [OPEN OR PUBLIC] MEETINGS AND RECORDS . . . . 45

SECTION 11. DISCLOSURE TO PUBLIC . . . . . . . . . . . . 45

SECTION 12. DISCLOSURE TO PARTICIPANTS AND

BENEFICIARIES . . . . . . . . . . . . . . . . 48

SECTION 13. REPORTS TO [AGENCY] . . . . . . . . . . . . . 50

SECTION 14. SUMMARY PLAN DESCRIPTION . . . . . . . . . . 52

SECTION 15. ANNUAL DISCLOSURE OF FINANCIAL AND

ACTUARIAL STATUS . . . . . . . . . . . . . . 53

SECTION 16. ANNUAL REPORT . . . . . . . . . . . . . . . . 57

SECTION 17. ENFORCEMENT . . . . . . . . . . . . . . . . . 60

SECTION 18. ALIENATION OF BENEFITS . . . . . . . . . . . 63

SECTION 19. UNIFORMITY OF APPLICATION AND CONSTRUCTION . 64

SECTION 20. SHORT TITLE . . . . . . . . . . . . . . . . . 64

SECTION 21. SEVERABILITY . . . . . . . . . . . . . . . . 64

SECTION 22. EFFECTIVE DATE . . . . . . . . . . . . . . . 64

SECTION 23. REPEALS . . . . . . . . . . . . . . . . . . . 64

SECTION 24. SAVINGS AND TRANSITIONAL PROVISIONS . . . . . 64