Amend the bill, as and if amended, Part IB, Section 77, RETIREMENT SYSTEM INVESTMENT COMMISSION, page 799, after line 29, by adding a new Section and an appropriately numbered new proviso to read:
/ SECTION 77 - E19-RETIREMENT SYSTEM INVESTMENT COMMISSION
(RSIC: Investment Review) From the funds authorized for the Retirement System Investment Commission in this act, the commission is directed to review the investments made on behalf of the South Carolina Retiree Health Insurance Trust Fund and the South Carolina Long Term Disability Insurance Trust Fund for the prior two fiscal years. From the funds authorized for the Retirement System Investment Commission, a report on the findings of the review shall be submitted by November 1, 2012, to the Chairman of the Senate Finance Committee and the Chairman of the House Ways and Means Committee along with recommendations on future investments in order to maximize earnings on investments and on any statutory changes that would be necessary to accomplish these objectives. The commission may not utilize any third party for this review. /
Renumber sections to conform.
Amend sections, totals and title to conform.