House amendment to the 1st edition makes the following changes.

Removes new Article 85, State Employee Retirement Protection Act, in GS Chapter 143.

Amends GS 147-69.7 to require the State Treasurer in investing and managing assets in funds enumerated in GS 147-69.2 to require considering only pecuniary factors when evaluating an investment, or evaluating or exercising any right appurtenant to an investment. Defines a pecuniary factor as one that has a material effect on the financial risk or financial return of an investment based on appropriate investment horizons consistent with the fund's purpose. Provides that environmental or social consideration are pecuniary factors only if the present economic risk or opportunities that qualified investment professionals would treat as material economic considerations under generally accepted investment theories. Requires the weight given to those factors solely reflect a prudent assessment of their impact on risk and return. Also allows the State Treasurer, in evaluating or exercising any right appurtenant to an investment, reasonably conclude that not exercising the right is in the best interest of the fund's beneficiaries.