Kentucky
General Assembly

01/15/16	introduced in House
01/19/16	to State Government (H)
01/26/16	posted in committee
01/28/16	reported favorably, 1st reading, to Calendar floor amendment (1) filed
01/29/16	2nd reading, to Rules
02/01/16	posted for passage in the Regular Orders of the Day for Tuesday, February 2 floor amendment (2) and (3-title) filed
02/02/16	3rd reading, passed 92-0 with floor amendments (2), (3-title)
02/03/16	received in Senate
02/05/16	to State & Local Government (S)
03/22/16	reported favorably, 1st reading, to Calendar
03/23/16	2nd reading, to Rules
03/25/16	floor amendments (1-title) and (2) filed
03/28/16	posted for passage in the Regular Orders of the Day for Monday, March 28, 2016 3rd reading, passed 36-1 with floor amendments (1-title) and (2)
03/29/16	received in House to Rules (H)

Amendment	House Floor Amendment 1
Sponsor	B. Yonts
Summary	Retain original provisions except to modify the definition of "investment experience" to include other areas of financial expertise.
Index Headings	Actuarial Analysis - Kentucky Retirement Systems, board of trustees Public Officers and Employees - Kentucky Retirement Systems, board of trustees Retirement and Pensions - Kentucky Retirement Systems, board of trustees State Agencies - Kentucky Retirement Systems, board of trustees

Amendment	House Floor Amendment 2
Sponsor	B. Yonts
Summary	Retain original provisions, except modify the definition of "investment experience" to include other areas of financial expertise; declare an EMERGENCY.
Index Headings	Actuarial Analysis - Kentucky Retirement Systems, board of trustees Public Officers and Employees - Kentucky Retirement Systems, board of trustees Retirement and Pensions - Kentucky Retirement Systems, board of trustees State Agencies - Kentucky Retirement Systems, board of trustees

Amendment	House Floor Amendment 3
Sponsor	B. Yonts
Summary	Make title amendment.
Index Headings	Actuarial Analysis - Kentucky Retirement Systems, board of trustees Public Officers and Employees - Kentucky Retirement Systems, board of trustees Retirement and Pensions - Kentucky Retirement Systems, board of trustees State Agencies - Kentucky Retirement Systems, board of trustees

Amendment	Senate Floor Amendment 1
Sponsor	J. Bowen
Summary	Make title amendment.
Index Headings	Actuarial Analysis - Kentucky Retirement Systems, board of trustees Public Officers and Employees - Kentucky Retirement Systems, board of trustees Retirement and Pensions - Kentucky Retirement Systems, board of trustees State Agencies - Kentucky Retirement Systems, board of trustees

Amendment	Senate Floor Amendment 2
Sponsor	J. Bowen
Summary	Delete provisions of bill; amend KRS 21.540 to require the Legislators' Retirement Plan and Judicial Retirement Plan to follow the provisions of KRS Chapters 45, 45A, 56, and 57 regarding procurement of services, goods, and property; prohibit funds of the Legislators' Retirement Plan or Judicial Retirement Plan from being used to pay placement agents; require the Judicial Form Retirement System, who administers the Legislators' Retirement Plan and the Judicial Retirement Plan, to post descriptive and financial information to the system's website; amend KRS 61.645 to require Senate confirmation of, and modify the minimum requirements for, gubernatorial appointees to the Kentucky Retirement Systems board of trustees and for the executive director; require the Kentucky Retirement Systems to follow the provisions of KRS Chapters 45, 45A, 56, and 57 regarding budgeting and the procurement of services, goods, and property; require the Kentucky Retirement Systems to disclose on its Web site and upon request investment fees in addition to investment holdings and commissions; require investment fee and commission reporting requirements for KRS to include profit sharing, carried interest, and partnership incentives; require the Kentucky Retirement Systems to disclose on its Web site and upon request all contracts and offering documents for services, goods, or property purchased or utilized by the systems except authorize KRS to not have to disclose contracts on a website if disclosure would result in competitive disadvantage; require all contracts to be released to the trustees, State Auditor, and the LRC Govt. Contract Review Committee; prohibit funds of the Kentucky Retirement Systems from being used to pay placement agents; require employees of Kentucky Retirement Systems to be covered by the state personnel system established pursuant to KRS 18A.005 to 18A.204; amend KRS 61.650 to require the Kentucky Retirement Systems board, staff, and investment advisors to adhere to the CFA Institute's codes of conduct; amend KRS 161.250 to increase by six the number of trustees on the Kentucky Teachers' Retirement System board of trustees, two of whom shall have investment experience, to be appointed by the Governor, subject to Senate confirmation; require Kentucky Teachers' Retirement System to disclose on its Web site, and upon request, investment fees in addition to investment holdings and commissions; require investment fee and commission reporting requirements for KTRS to include profit sharing, carried interest, and partnership incentives; require the Kentucky Teachers' Retirement System to disclose on its Web site, and upon request, all contracts and offering documents for services, goods, or property purchased or utilized by the systems, except authorize KTRS to not disclose contracts on a website if disclosure would result in competitive disadvantage; require all contracts to be released to the trustees, State Auditor, and the LRC Govt. Contract Review Committee; amend KRS 161.340 to require the Kentucky Teachers' Retirement System to follow the provisions of KRS Chapters 45, 45A, 56, and 57 regarding budgeting and the procurement of services, goods, and property; amend KRS 161.430 to require the Kentucky Teachers' Retirement System's board, staff, and investment advisors to adhere to the CFA Institute's codes of conduct; prohibit funds of the Kentucky Teachers' Retirement System from being used to pay placement agents; amend KRS 7A.220 to add six additional legislative members to the Public Pension Oversight Board; require that the amendments in the bill requiring the state-administered retirement systems to be subject to state procurement laws and banning the use of system assets to pay placement agents to apply to contracts established or renewed on or after July 1, 2016; require amendments in the bill requiring Senate confirmation and modifying the requirements for gubernatorial appointments to the Kentucky Retirement Systems' board to apply to appointments or reappointments made on or after the effective date of the bill;require amendments requiring Senate confirmation of executive director and executive secretary to apply to appointments or employments after the effective date of the bill; provide a transition schedule of appointments of new trustees to the Kentucky Teachers' Retirement System board; EMERGENCY.
Index Headings	Actuarial Analysis - Kentucky Retirement Systems, board of trustees Public Officers and Employees - Kentucky Retirement Systems, board of trustees Retirement and Pensions - Kentucky Retirement Systems, board of trustees State Agencies - Kentucky Retirement Systems, board of trustees