UMPERSAUniform Management of Public Employee Retirement Systems Act (Maryland)
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94-1 (253) and the attempt of the drafters of UMPERSA (254) to persuade states to adopt the standard, the uncertainty concerning this fundamental principle of fiduciary obligations is too deeply rooted, and the punishment too severe, for conservatively-minded trustees to universally embrace ETIs.
(286) Similarly, adopting UMPERSA, which contains language identical to that of I.B.
(182.) Starting in January 1999, UMPERSA had been introduced in 16 states.