KY HB69 | 2021 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 22 2021 - 100% progression
Action: 2021-03-22 - signed by Governor (Acts Ch. 64)
Text: Latest bill text (Engrossed) [PDF]

Summary

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.

Tracking Information

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Title

AN ACT relating to actuarial reporting for the state-administered retirement systems.

Sponsors


Roll Calls

2021-03-16 - Senate - Senate: Third Reading RSN# 1744 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2021-03-01 - House - House: Third Reading RCS# 163 (Y: 91 N: 0 NV: 0 Abs: 9) [PASS]

History

DateChamberAction
2021-03-22Housesigned by Governor (Acts Ch. 64)
2021-03-16Housedelivered to Governor
2021-03-16Houseenrolled, signed by President of the Senate
2021-03-16Houseenrolled, signed by Speaker of the House
2021-03-16Housereceived in House
2021-03-16Senate3rd reading, passed 36-0
2021-03-15Senatepassed over and retained in the Consent Orders of the Day
2021-03-12Senateposted for passage in the Consent Orders of the Day for Monday, March 15, 2021
2021-03-11Senatereported favorably, 2nd reading, to Rules as a consent bill
2021-03-05Senatereturned to State & Local Government (S)
2021-03-05Senate1st reading
2021-03-05Senatetaken from State & Local Government (S)
2021-03-03Senateto State & Local Government (S)
2021-03-02Senateto Committee on Committees (S)
2021-03-02Senatereceived in Senate
2021-03-01House3rd reading, passed 91-0
2021-02-26Houseposted for passage in the Regular Orders of the Day for Monday, March 1, 2021
2021-02-26House2nd reading, to Rules
2021-02-25Housereported favorably, 1st reading, to Calendar
2021-02-23Houseposted in committee
2021-02-11Houseto State Government (H)
2021-01-05Houseto Committee on Committees (H)
2021-01-05Houseintroduced in House
2020-10-07HousePrefiled by the sponsor(s).

Subjects


Kentucky State Sources


Bill Comments

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