Official summary
2008 General Session Summary for SF0009
Bill No.:
SF0009
Drafter:
DRN
LSO No.:
08LSO-0184
Effective Date:
Enrolled Act No.:
Chapter No.:
Prime Sponsor:
Management
Audit Committee
Catch Title:
State
retirement-board immunity.
Subject:
Clarifying
personal liability of board members of public employee retirement systems.
Summary/Major Elements:
Provides that individual board members of any public employee retirement
system are liable under the Uniform Management of Public Employee Retirement
Systems Act only for willful misconduct, intentional torts or illegal acts.