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 |
01/15/16 |
|
---|---|
01/19/16 |
|
02/04/16 |
|
03/03/16 |
|
03/04/16 |
|
03/07/16 |
|
03/09/16 |
|
03/10/16 |
|
03/14/16 |
|
03/16/16 |
|
03/17/16 |
|
03/18/16 |
|
03/21/16 |
|
03/22/16 |
|
04/01/16 |
|
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)