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SB 997 - Currently, investments made by boards of trustees of police and firemen's retirement systems are subject to all terms, conditions, limitations, and restrictions imposed upon life insurance or casualty companies in making their investments. This act removes those terms, conditions, limitations, and restrictions and requires the board to invest the funds of the systems as permitted by Sections 105.687 to 105.690, RSMo, regarding the duties of investment fiduciaries. This act is similar to provisions in SB 66 (2007) and identical to HB 2055 (2008). ALEXA PEARSON
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