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House Bill 69

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Last Action 03/22/21: signed by Governor (Acts Ch. 64)
Title AN ACT relating to actuarial reporting for the state-administered retirement systems.
Bill Documents Acts Chapter 64
Current/Final
Introduced
Fiscal Impact Statement Actuarial Analysis
Bill Request Number 17
Sponsor J. Miller
Summary of Original Version Amend KRS 6.350 to establish additional standards and requirements for the completion of the actuarial analysis required for bills pertaining to state-administered retirement systems, including a projection of costs/savings over a 30-year period rather than 20 years, completion of the analysis in a format established by the Legislative Research Commission, and the addition of a summary of relevant data and information on the front page of the analysis; amend KRS 21.440, 61.670, and 161.400 to require the state-administered retirement systems to provide a projection/analysis over a 30-year period rather than a 20-year period regarding projections in the annual actuarial valuation and as it relates to experience studies, assumption changes, and other changes made by the boards of each system.
Index Headings of Original Version Actuarial Analysis - Retirement bills, additional requirements for actuarial analysis
General Assembly - Retirement bills, additional requirements for actuarial analysis
Legislative Research Commission - Retirement bills, additional requirements for actuarial analysis
Retirement and Pensions - Actuarial analysis, additional requirements for retirement bills
Retirement and Pensions - State-administered retirement systems, required actuarial reporting
Votes Vote History

Actions

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10/07/20
  • Prefiled by the sponsor(s).
01/05/21
  • introduced in House
  • to Committee on Committees (H)
02/11/21
  • to State Government (H)
02/23/21
  • posted in committee
02/25/21
  • reported favorably, 1st reading, to Calendar
02/26/21
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Monday, March 1, 2021
03/01/21
  • 3rd reading, passed 91-0
03/02/21
  • received in Senate
  • to Committee on Committees (S)
03/03/21
  • to State & Local Government (S)
03/05/21
  • taken from State & Local Government (S)
  • 1st reading
  • returned to State & Local Government (S)
03/11/21
  • reported favorably, 2nd reading, to Rules as a consent bill
03/12/21
  • posted for passage in the Consent Orders of the Day for Monday, March 15, 2021
03/15/21
  • passed over and retained in the Consent Orders of the Day
03/16/21
  • 3rd reading, passed 36-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/22/21
  • signed by Governor (Acts Ch. 64)


Last updated: 11/9/2023 2:52 PM (EST)