The bill proposes amendments to existing legislation concerning the management and reporting of investment holdings by the Pension Reserves Investment Trust (PRIT). It introduces new legal language that mandates detailed reporting of investment holdings as of December 31, including specific metrics such as the number of shares held, market value, and total investment value. This initiative aims to enhance transparency and accountability in the management of pension funds, ensuring that stakeholders have access to comprehensive and accurate information regarding the trust's financial activities.

Additionally, the bill outlines budgetary allocations for the PRIT Board for the fiscal year 2025, specifying a total of $504,337,000 in investment management fees across various categories, including Global Equity, Core Fixed Income, Real Estate, and Private Equity. It also details operational expenses totaling $30,803,000, which encompass costs related to compensation, occupancy, and general office expenses. By streamlining the reporting process and enhancing the clarity of investment strategies, the bill seeks to improve the overall governance of the Pension Reserves Investment Trust, ultimately benefiting the beneficiaries and ensuring prudent management of public funds.