Fitchburg Retirement Board Investment Regulations

Regulations accepted by the board and approved by PERAC

PERAC Approval Date: April 27, 2006

Investment/Supplemental Regulation

Regulation Number 21.01(2)(3)(4)(5): Notwithstanding the provisions of any statute or regulation to the contrary, including the provisions of 840 CMR 21.01(2)(3)(4) and (5), the Fitchburg Retirement Board is hereby granted an exemption from restrictions on investment for the purpose of investing a portion of the System’s assets in the Julius Baer International Equity Fund II Group Trust. PERAC previously acknowledged receipt of the basic regulatory documents pertaining to this investment on April 10, 2006.