The bill outlines the budget for the Pension Reserves Investment Management Board (PRIM) for the fiscal year 2025, detailing projected investment management fees and operational expenses. Key provisions include a total of 504,337,000 allocated for investment management fees, which represents an increase from the previous year, and 28,658,000 designated for operational expenses. The budget emphasizes the importance of diversity in investment management, with specific allocations for the FUTURE Initiative - Emerging Diverse Managers Program and various emerging diverse managers, reflecting a commitment to inclusivity in investment strategies. Additionally, the bill specifies allocations for different investment categories, such as 79,815,000 for Total Global Equities and 207,570,000 for Total Private Equity. It also highlights operational efficiency by providing detailed breakdowns of expenses related to compensation, occupancy, insurance, and general office costs. Overall, the bill aims to ensure transparency and accountability in the management of pension funds while promoting diversity and inclusion within the investment management framework.