AN ACT relating to the Kentucky Public Pensions Authority.

Amend KRS 61.505 to establish the Office of Financial Management within the Kentucky Public Pensions Authority; amend KRS 12.020 to conform; EFFECTIVE July 1, 2025.

Actuarial Analysis Effective Dates, Delayed Retirement and Pensions State Agencies

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This bill would create a new Office of Financial Management inside the Kentucky Public Pensions Authority, the state agency that oversees public employee retirement systems. The change is intended to reorganize how the authority handles its financial operations. It would take effect July 1, 2025. Who it may affect: state and local government employees and retirees who are members of Kentucky's public pension systems.

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