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House Bill 271

Actions | Amendments
Last Action signed by Governor (Acts, ch. 27)
Title AN ACT relating to the Public Pension Oversight Board.
Bill Documents Bill
Impact Statements Actuarial Analysis
Bill Request Number 34
Sponsors J. Miller, A. Simpson, K. Bratcher, R. Crimm, J. DeCesare, S. Lee, P. Moffett
Summary of Original Version Create a new section of KRS 7A.200 to 7A.260 to require the state-administered retirement systems to disclose data on each member or recipient of a benefit, including a unique identification number which shall not be the member's Social Security number or personal identification number issued by the systems, information on the retirement status, actual or projected benefits payments, and other retirement information for each member; establish noncodified sections to require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to separate the administration of the County Employees Retirement System from the Kentucky Retirement Systems; require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to transfer administration of the Judicial Retirement Plan and the Legislators' Retirement Plan to the Kentucky Retirement Systems; require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to consolidate administrative and investment functions of all of the state-administered retirement systems, which shall include a review of investment returns, investment expenses, and administrative expenses.
Index Headings of Original Version Legislative Research Commission - Public Pension Oversight Board, required studies
Public Officers and Employees - State-administered retirement systems, disclosure of retirement information to PPOB
Retirement and Pensions - Public Pension Oversight Board, required studies
Retirement and Pensions - State-administered retirement systems, disclosure of retirement information to PPOB
Studies Directed - Public Pension Oversight Board, administration and investment of state-adm. retirement systems
Actuarial Analysis - Public Pension Oversight board, administration and investment of state-adm. retirement systems
Actuarial Analysis - Public Pension Oversight board, administration and investment of state-adm. retirement systems
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
01/15/16
  • introduced in House
01/19/16
  • to State Government (H)
02/04/16
  • posted in committee
03/03/16
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
03/04/16
  • 2nd reading, to Rules
03/07/16
  • posted for passage in the Consent Orders of the Day for Wednesday, March 9, 2016
03/09/16
  • 3rd reading, passed 96-0 with Committee Substitute (1)
03/10/16
  • received in Senate
03/14/16
  • to State & Local Government (S)
03/16/16
  • reported favorably, 1st reading, to Consent Calendar
03/17/16
  • 2nd reading, to Rules
03/18/16
  • posted for passage in the Consent Orders of the Day for Monday, March 21, 2016 (Consent Orders #1)
03/21/16
  • 3rd reading, passed 38-0
03/22/16
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
04/01/16
  • signed by Governor (Acts, ch. 27)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Actuarial Analysis
Summary Retain original provisions but amend to delete from a list of data the requirement that the state-administered retirement systems provide to the Public Pension Oversight Board the current employer or last participating employer of each member or recipient; provide that under no circumstances shall the systems report the member’s name, address or Social Security number in the information to be reported to the board nor reveal any information that may be linked to a specific member’s retirement account; delete other sections of the bill addressing additional study topics for the board.
Index Headings Legislative Research Commission - Public Pension Oversight Board, required studies
Public Officers and Employees - State-administered retirement systems, disclosure of retirement information to PPOB
Retirement and Pensions - Public Pension Oversight Board, required studies
Retirement and Pensions - State-administered retirement systems, disclosure of retirement information to PPOB
Studies Directed - Public Pension Oversight Board, administration and investment of state-adm. retirement systems
Actuarial Analysis - Public Pension Oversight board, administration and investment of state-adm. retirement systems
Actuarial Analysis - Public Pension Oversight board, administration and investment of state-adm. retirement systems

Last updated: 1/16/2019 3:08 PM (EST)