I'd like to share a brief progress report. The Governor indicates that he would evaluate proposal base on three criteria. The investment risk is the responsibility of each participant and the individual employee controls investment choice and mix. Funds are portable and transfer with the employee. In terms of portability unvested funds remain with the employer if employee leaves before retirement.
Theses are just a few of the characteristics of the tow types of investment approaches.
Our committee will meet again in September in Boise. Another meeting will probably be held in mid-October where the legislative package will be presented in rough form to the legislative services to croft into the draft legislation. Alene to get citizen input and discuss the proposals. Another meeting in mid-November will allow the committee to agree on the final package to present to the Legislature. I'll keep you posted.