AN ACT relating to retirement.
     Amend KRS 61.645 to require that two of the three members appointed by the Governor to the Kentucky Retirement Systems board of trustees possess ten years of investment experience and to define investment experience; amend KRS 61.650 to establish a five-member investment committee for the Kentucky Retirement Systems comprised of the two gubernatorial appointees with investment experience and three trustees appointed by the board chair; limit the amount of assets managed by a single external investment manager to no more than 15 percent of the systems' portfolio; amend KRS 16.642 and 78.790 to clarify that the investment committee established by KRS 61.650 is the investment committee for the State Police Retirement System and the County Employees Retirement System; limit the amount of assets managed by a single external investment manager to no more than 15 percent of the systems' portfolio.

     (Prefiled by the sponsor(s).)

     Jan 5-introduced in House; to State Government (H)
     Jan 19-posted in committee
     Feb 4-reported favorably, 1st reading, to Consent Calendar
     Feb 5-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Wednesday, February 10, 2010
     Feb 10-3rd reading, passed 99-0
     Feb 11-received in Senate
     Feb 16-to State & Local Government (S)
     Mar 19-taken from committee; 1st reading; returned to State & Local Government (S)
     Mar 23-taken from committee; 2nd reading; returned to State & Local Government (S)
     Mar 25-reported favorably, to Rules as a Consent Bill
     Mar 29-posted for passage in the Consent Orders of the Day for Monday, March 29, 2010; 3rd reading, passed 38-0
     Apr 1-received in House; enrolled, signed by each presiding officer; delivered to Governor
     Apr 12-signed by Governor (Acts ch. 127)