| Last Action | 02/12/20: to State Government (H) |
|---|---|
| Title | AN ACT relating to Kentucky investments by public pension funds. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 1030 |
| Sponsor | J. Nemes |
| Summary of Original Version | Amend KRS 16.642, 61.650, 78.790, and 161.430, to establish a goal for the Kentucky Retirement Systems and the Teachers' Retirement System to invest at least 1.5% of fund assets in Kentucky private equity fund investments provided any such investment is consistent with the board's fiduciary responsibility and duties; define Kentucky private equity fund investments as an entity that makes, manages, or sources potential investments in Kentucky businesses from individuals or institutional investors; establish requirements for the systems to notify the business community of potential investment opportunity with the systems; require reporting to the Legislative Research Commission on progress toward the goal of investment system assets in Kentucky private equity funds. |
| Index Headings of Original Version |
Public Officers and Employees - State Retirement Systems, goal to invest 1.5% of assets in Kentucky private equity fund investments Retirement and Pensions - Kentucky Retirement Systems, goal to invest 1.5% of assets in Ky. private equity fund investments Retirement and Pensions - Teachers' Retirement System, goal to invest 1.5% of assets in Ky. private equity fund investments State Agencies - State Retirement Systems, goal to invest 1.5% of assets in Kentucky private equity fund investments Actuarial Analysis - State Retirement Systems, goal to invest 1.5% of assets in Kentucky private equity fund investments |
| 02/10/20 |
|
|---|---|
| 02/12/20 |
|
Last updated: 10/27/2020 12:10 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot. @LRCTweetBot