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HB 271 / AA (BR 34) - J. Miller, A. Simpson, K. Bratcher, R. Crimm, J. DeCesare, S. Lee, P. Moffett
AN ACT relating to the Public Pension Oversight Board.
Create a new section of KRS 7A.200 to 7A.260 to require the state-administered retirement systems to disclose data on each member or recipient of a benefit, including a unique identification number which shall not be the member's Social Security number or personal identification number issued by the systems, information on the retirement status, actual or projected benefits payments, and other retirement information for each member; establish noncodified sections to require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to separate the administration of the County Employees Retirement System from the Kentucky Retirement Systems; require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to transfer administration of the Judicial Retirement Plan and the Legislators' Retirement Plan to the Kentucky Retirement Systems; require the Public Pension Oversight Board to study and provide a report by December 1, 2016, as to whether or not legislative action should be taken to consolidate administrative and investment functions of all of the state-administered retirement systems, which shall include a review of investment returns, investment expenses, and administrative expenses.
HB 271 - AMENDMENTS
HCS1/AA - Retain original provisions but amend to delete from a list of data the requirement that the state-administered retirement systems provide to the Public Pension Oversight Board the current employer or last participating employer of each member or recipient; provide that under no circumstances shall the systems report the member’s name, address or Social Security number in the information to be reported to the board nor reveal any information that may be linked to a specific member’s retirement account; delete other sections of the bill addressing additional study topics for the board.
Jan 15, 2016 - introduced in House
Jan 19, 2016 - to State Government (H)
Feb 04, 2016 - posted in committee
Mar 03, 2016 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
Mar 04, 2016 - 2nd reading, to Rules
Mar 07, 2016 - posted for passage in the Consent Orders of the Day for Wednesday, March 9, 2016
Mar 09, 2016 - 3rd reading, passed 96-0 with Committee Substitute (1)
Mar 10, 2016 - received in Senate
Mar 14, 2016 - to State & Local Government (S)
Mar 16, 2016 - reported favorably, 1st reading, to Consent Calendar
Mar 17, 2016 - 2nd reading, to Rules
Mar 18, 2016 - posted for passage in the Consent Orders of the Day for Monday, March 21, 2016 (Consent Orders #1)
Mar 21, 2016 - 3rd reading, passed 38-0
Mar 22, 2016 - received in House; enrolled, signed by each presiding officer; delivered to Governor
Apr 01, 2016 - signed by Governor (Acts, ch. 27)