Dear Senator or Representative,

I am asking you to help develop and support the Pension Investment Integrity Act proposal for the 2027 session. Pension members deserve a written financial case for covered acquisitions of non-tradable sovereign debt.

Please require credit analysis, a comparison of alternatives, a liquidity explanation and a financial determination before a covered acquisition, with public posting of the core record within 30 days afterward. The requirements should be prospective and issuer-neutral, and trustees should retain the investment decision.

September records document APERS’s $25 million in positions and ATRS’s $9.9 million purchase within a $50 million funded account. These figures have different record dates. Please request a source and drafting briefing, including a clear rule for manager acquisitions and pooled vehicles.

Sincerely,
[Your name and city]