Indiana Code 5-10.5-6-6. Report on stress test or risk assessment
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Sec. 6. If during a state fiscal year beginning after June 30, 2018, the system performs a stress test or a risk assessment on any of the public pension and retirement funds of the system, including a sensitivity analysis of funding status, the director, or another suitable person designated by the director, shall before November 1 of the following state fiscal year:
(2) upon request from the chairman of the interim study committee on pension management oversight, present a summary of the information described in subdivision (1) to the interim study committee on pension management oversight.
(1) submit a report describing the stress tests and risk assessments performed and the results of those tests and risk assessments to the interim study committee on pension management oversight established by IC 2-5-1.3-4 in an electronic format under IC 5-14-6; and
Terms Used In Indiana Code 5-10.5-6-6
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Oversight: Committee review of the activities of a Federal agency or program.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.20-2019, SEC.1.