Sec. 33-61C. Standard of care.

only in the best interest of the participants and their beneficiaries;

only to provide benefits to the participants and their beneficiaries, and defray reasonable expenses of administering the retirement systems;

with the care, skill, prudence, and diligence under the circumstances that a prudent person acting in a similar capacity and familiar with the same matters would use to conduct a similar enterprise with similar purposes;

by diversifying the investments of the retirement systems to minimize the risk of large losses, unless it is clearly not prudent to diversify under the circumstances;

according to a good faith interpretation of the law governing the retirement systems;

according to a good faith interpretation of the documents and instruments governing the retirement systems, if they comply with this Article.