| Title | AN ACT relating to actuarial reporting for the state-administered retirement systems. |
|---|---|
| Bill Documents | Original |
| Sponsors | 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 |
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 |
| 10/07/20 | Prefiled by the sponsor(s). |
|---|
Last updated: 1/4/2021 4:38 PM (EST)
To receive notice when the record is updated follow @LRCTweetBot. @LRCTweetBot