Introduced
by
To require the managers of Michigan’s state and local public pension systems to only consider “pecuniary factors” in their evaluation of investments for the pension fund. Presumably this would exclude non-pecuniary considerations including ones based on “Environment, Society, Governance” (ESG) factors that are not directly relevant to an investment’s performance in the marketplace.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
