8-37-109 - Establishment of investment policy.
8-37-109. Establishment of investment policy.
(a) It is the responsibility of the investment advisory council to advise the board of trustees on investment policy.
(b) After receiving and considering the advice of the council, the board shall establish the investment policy for the retirement system established by chapters 34-37 of this title.
[Acts 1972, ch. 814, § 7; T.C.A., § 8-3929(3); Acts 1981, ch. 387, § 17; 2007, ch. 184, § 17.]