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Committee approves Retirement Investment Office budget, adds internal auditor and funds for system modernization
2288010 · February 12, 2025
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Summary
The Appropriations Committee advanced HB 1022, increasing RIO's budget to cover added FTEs from prior session, one new internal auditor, and planning funds for a future investment/fiscal system replacement.
The House Appropriations Committee voted to advance House Bill 1022, the Retirement Investment Office (RIO) budget, approving inserted funding for staff and planning tied to system modernization and oversight.
Committee review explained RIO’s assets under management have grown substantially over two decades — testimony…
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