The bill addresses the financial management and reporting requirements for the Pension Reserves Investment Trust (PRIT) for the fiscal year 2025. It introduces new legal language that specifies the total investment management fees, which amount to $504,337,000, reflecting a variance of $27,857,108 from the budgeted amount. The bill also outlines allocations for various investment categories, including Global Equity, Core Fixed Income, Real Estate, and Private Equity, along with detailed year-to-date performance metrics. Additionally, it specifies non-investment expenses totaling $30,803,000, which shows a variance of $3,820,724 from the budget, bringing the total operating budget to $559,201,500, indicating an 8.1% variance from the planned budget.

Furthermore, the bill details the budget for investment service providers' fees and operational expenses, projecting a total of $24,061,500 for these fees, with a year-to-date actual of $15,950,407, indicating a variance of $2,250,293. It includes specific allocations for advisory services across various sectors, as well as adjustments in operational categories such as compensation and general office expenses. Overall, the bill emphasizes the importance of effective management of investment and operational expenses while ensuring transparency in the financial activities of the PRIM Board.