21RS HB 483

Actions

Last Action	02/10/21: to Committee on Committees (H)
Title	AN ACT relating to the investment of funds by the Kentucky Retirement Systems' and County Employees Retirement System's boards of trustees.
Bill Documents	Introduced
Fiscal Impact Statement	Actuarial Analysis
Bill Request Number	1705
Sponsor	D. Elliott
Summary of Original Version	Amend KRS 16.642, 61.650, and 78.790 to limit the amount of assets that the boards of trustees may invest in alternative investments to not more than 25 percent of the assets in the pension and insurance funds of the State Police Retirement System, the Kentucky Employees Retirement System, and the County Employees Retirement System, respectively.
Index Headings of Original Version	Police, State - SPRS, limit on the amount of assets invested in alternate investments Retirement and Pensions - KERS, SPRS, and CERS, limit on amount of assets invested in alternative investments State Agencies - KRS, limit on the amount of assets invested in alternative investments State Employees - KERS, limit on the amount of assets invested in alternate investments Counties - CERS, limit on the amount of pension and insurance assets invested in alternate investments Actuarial Analysis - KERS, SPRS, and CERS, limit on amount of assets invested in alternative investments