|AN ACT relating to actuarial investigations.
|Summary of Original Version
|Amend KRS 21.440, 61.670, 78.784, and 161.400 to require the Legislators' Retirement Plan, the Judicial Retirement Plan, the Kentucky Retirement Systems, the County Employees Retirement System, and the Teachers' Retirement System to perform an actuarial investigation of economic assumptions once every two years rather than once every five years while retaining a review of demographic assumptions once every five years; amend KRS 78.784 to require the County Employees Retirement System 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; require the first actuarial investigation of economic assumptions to occur prior to 2023 actuarial valuations.
State Agencies - Kentucky Public Pensions Authority, investigation of economic assumptions every two years
State Agencies - Teachers' Retirement System, investigation of economic assumptions every two years
Public Officers and Employees - State administered retirement systems, economic assumptions, investigation, biennial
Retirement and Pensions - Kentucky Public Pensions Authority, investigation of economic assumptions every two years
Retirement and Pensions - Teachers' Retirement System, investigation of economic assumptions every two years
|Prefiled by the sponsor(s).
Last updated: 12/21/2021 12:15 PM (EST)
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