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House Bill 146

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Last Action signed by Governor (Acts ch. 127)
Title AN ACT relating to retirement.
Bill Documents Bill
Impact Statements Actuarial Analysis
Bill Request Number 127
Sponsors M. Cherry, T. Riner, A. Simpson, S. Westrom
Summary of Original Version 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.
Index Headings of Original Version Retirement and Pensions - Kentucky Retirement systems, composition of board and investment committee
State Agencies - Kentucky Retirement Systems, composition of board and investment committee
Governor - Kentucky Retirement Systems, trustee appointments, and qualifications
Actuarial Analysis - Kentucky Retirement Systems, composition of board and investment committee
Votes Vote History

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12/17/09
  • Prefiled by the sponsor(s).
01/05/10
  • introduced in House
  • to State Government (H)
01/19/10
  • posted in committee
02/04/10
  • reported favorably, 1st reading, to Consent Calendar
02/05/10
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Wednesday, February 10, 2010
02/10/10
  • 3rd reading, passed 99-0
02/11/10
  • received in Senate
02/16/10
  • to State & Local Government (S)
03/19/10
  • taken from committee
  • 1st reading
  • returned to State & Local Government (S)
03/23/10
  • taken from committee
  • 2nd reading
  • returned to State & Local Government (S)
03/25/10
  • reported favorably, to Rules as a Consent Bill
03/29/10
  • posted for passage in the Consent Orders of the Day for Monday, March 29, 2010
  • 3rd reading, passed 38-0
04/01/10
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
04/12/10
  • signed by Governor (Acts ch. 127)


Last updated: 8/28/2019 7:34 AM (EDT)