AN ACT relating to the Public Pension Oversight Board.

Amend KRS 7A.220 to amend the membership and membership qualifications of the Public Pension Oversight Board by adding the chairs or vice chairs of the Senate State & Local Government Standing Committee and House State Government Standing Committee to the board, adding the State Treasurer to the membership, removing 1 of the gubernatorial appointees from the membership, and amending "retirement experience" requirements for appointed members to include experience in retirement plan management or policy by…

Boards and Commissions Effective Dates, Delayed General Assembly Governor Legislative Research Commission Reports Mandated Retirement and Pensions State Agencies

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This bill changes who sits on the Public Pension Oversight Board, the state body that monitors Kentucky's public pension systems. It adds legislative committee chairs or vice chairs and the State Treasurer to the board, removes one governor-appointed seat, and updates the qualifications required for appointed members. It also requires the Kentucky Public Pensions Authority to include line of duty death benefit payments in its annual reports to the board, in addition to the disability benefit payments already reported. Who it may affect: state legislators, the State Treasurer, and gubernatorial appointees involved in public pension oversight.

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