The Georgia Employees Retirement System and the Georgia Teachers Retirement System are awaiting Gov. Sonny Perdues signature on a bill that could increase their international equity allocations to 15% of assets from 10%. The bill authorizing the change was sent to the governor after being passed by the state Senate Thursday and previously by the state House. Mr. Perdue is expected to sign it at the end of the legislative session, which may be extended until April 25.
The $51.5 billion teachers fund and the $16.2 billion employees fund, both in Atlanta, also would be allowed to invest in U.S. companies that have moved offshore by classifying them as domestic companies.