SB402-SSA1-SA9,1,144 25.18 (2) (e) Contract with and delegate to investment advisers the
5management and control over assets from any fund or trust delivered to such
6investment advisers for investment in real estate, mortgages, equities, debt of
7foreign corporations and debt of foreign governments, and pay such advisers fees
8from the current income of the fund or trust being invested. No more than 10% 15%
9of the total assets of the fixed retirement investment trust or 10% 15% of the total
10assets of the variable retirement investment trust may be delivered to investment
11advisers. The board shall set performance standards for such investment advisers,
12monitor such investments to determine if performance standards are being met and
13if an investment adviser does not consistently meet the performance standards then
14terminate the contract with such investment adviser.".