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House Bill 380

Actions | Amendments
Last Action reported favorably, to Rules as a Consent bill with Committee Substitute
Title AN ACT relating to retirement.
Bill Documents Bill
Impact Statements Actuarial Analysis
Bill Request Number 406
Sponsors M. Cherry, B. Housman, A. Simpson
Summary of Original Version Amend KRS 61.645 to require that two of the three Governor appointees to the Kentucky Retirement Systems board of trustees possess ten years of investment experience and to define investment experience, and to prohibit systems' employees from serving as a member of the board, amend KRS 61.650 to establish a five member investment committee for the Kentucky Retirement Systems composed of the two Governor appointees with investment experience, and three trustees appointed by the board chair, and to limit the amount of assets managed by a single external investment manager to no more than fifteen percent of the systems' portfolio; amend KRS 16.642 and 78.790 to clarify that the investment committee established by amendments to KRS 61.650 is the investment committee for the State Police Retirement System and the County Employees Retirement System and to limit the amount of assets managed by a single external investment manager.
Index Headings of Original Version Actuarial Analysis - Kentucky Retirement Systems, composition of investment committee
Retirement and Pensions - Kentucky Retirement Systems, composition of investment committee
Retirement and Pensions - Kentucky Retirement Systems, qualifications of governor's appointees to the board
State Agencies - Kentucky Retirement Systems, composition of investment committee
Governor - Kentucky Retirement Systems trustee appointments, qualifications of
Proposed Amendments Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/10/09
  • introduced in House
02/11/09
  • to State Government (H)
02/13/09
  • posted in committee
02/23/09
  • reported favorably, 1st reading, to Calendar
02/24/09
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Wednesday, February 25, 2009
03/02/09
  • 3rd reading, passed 95-0
03/03/09
  • received in Senate
03/05/09
  • to State & Local Government (S)
03/09/09
  • taken from committee
  • 1st reading
  • returned to State & Local Government (S)
03/10/09
  • taken from committee
  • 2nd reading
  • returned to State & Local Government (S)
03/11/09
  • reported favorably, to Rules as a Consent bill with Committee Substitute

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Impact Statements Actuarial Analysis
Summary Retain original provisions except to amend KRS 61.645 to prohibit former employees of Kentucky Retirement Systems from serving on the board of trustees for the systems.
Index Headings Actuarial Analysis - Kentucky Retirement Systems, composition of investment committee
Retirement and Pensions - Kentucky Retirement Systems, composition of investment committee
Retirement and Pensions - Kentucky Retirement Systems, qualifications of governor's appointees to the board
State Agencies - Kentucky Retirement Systems, composition of investment committee
Governor - Kentucky Retirement Systems trustee appointments, qualifications of

Last updated: 8/28/2019 8:17 AM (EDT)