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2026-07-06 17:27:20 -04:00

12 KiB

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill AN ACT relating to retirement and declaring an emergency. Amend KRS 21.530 to require Senate confirmation of the gubernatorial appointments to the Judicial Form Retirement System; amend KRS 21.540 to require the Judicial Form Retirement System, which administers the Legislators' Retirement Plan and the Judicial Retirement Plan, to post descriptive and financial information to the system's Web site, and to delineate that investment fee and commission reporting include profit sharing, carried interest, and partnership incentives; amend KRS 61.645 to narrow the definition of investment experience on the board of trustees, to specify that vacancies to elected positions be filled by majority vote of the remaining elected members, to require Senate confirmation of gubernatorial appointments to the board, and to delineate that investment fee and commission reporting requirements for the Kentucky Retirement Systems shall include profit sharing, carried interest, and partnership incentives; provide that the systems may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; subject the Kentucky Retirement Systems to KRS Chapter 18A regarding personnel; cap the reimbursement rate for legal services at the Government Contract Review Committee maximum hourly rate; make technical amendments; amend KRS 161.250 to add two gubernatorial appointments to the board subject to Senate confirmation, to specify that investment fee and commission reporting requirements for the Kentucky Teachers' Retirement System must include profit sharing, carried interest, and partnership incentives; provide that the Teachers' Retirement System may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; cap the reimbursement rate for legal services to the Teachers' Retirement System at the Government Contract Review Committee maximum hourly rate; amend various KRS sections to place all state retirement systems under the Model Procurement Code regarding contracts and improve definition of placement agents to include nonemployees and subsidiary firms; amend KRS 7A.220 to increase the membership of the Public Pension Oversight Board; amend KRS 7A.255 to require annual reporting of the percentage of system assets being reported by external managers and partnerships; amend KRS 6.350 to declare noncompliant any actuarial analyses returning negligible or indeterminable cost results; EMERGENCY. AN ACT relating to retirement and declaring an emergency. Amend KRS 21.530 to require Senate confirmation of the gubernatorial appointments to the Judicial Form Retirement System; amend KRS 21.540 to require the Judicial Form Retirement System, which administers the Legislators' Retirement Plan and the Judicial Retirement Plan, to post descriptive and financial information to the system's Web site, and to delineate that investment fee and commission reporting include profit sharing, carried interest, and partnership incentives; amend KRS 61.645 to narrow the definition of investment experience on the board of trustees, to specify that vacancies to elected positions be filled by majority vote of the remaining elected members, to require Senate confirmation of gubernatorial appointments to the board, and to delineate that investment fee and commission reporting requirements for the Kentucky Retirement Systems shall include profit sharing, carried interest, and partnership incentives; provide that the systems may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; subject the Kentucky Retirement Systems to KRS Chapter 18A regarding personnel; cap the reimbursement rate for legal services at the Government Contract Review Committee maximum hourly rate; make technical amendments; amend KRS 161.250 to add two gubernatorial appointments to the board subject to Senate confirmation, to specify that investment fee and commission reporting requirements for the Kentucky Teachers' Retirement System must include profit sharing, carried interest, and partnership incentives; provide that the Teachers' Retirement System may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; cap the reimbursement rate for legal services to the Teachers' Retirement System at the Government Contract Review Committee maximum hourly rate; amend various KRS sections to place all state retirement systems under the Model Procurement Code regarding contracts and improve definition of placement agents to include nonemployees and subsidiary firms; amend KRS 7A.220 to increase the membership of the Public Pension Oversight Board; amend KRS 7A.255 to require annual reporting of the percentage of system assets being reported by external managers and partnerships; amend KRS 6.350 to declare noncompliant any actuarial analyses returning negligible or indeterminable cost results; EMERGENCY. us/states/ky Kentucky General Assembly 2017RS SB 2 Kentucky SB 2 (2017RS)
bill
enacted
6 33 0 2017-01-03 2017-03-10 openstates ocd-bill/3ff930e5-78a0-43f2-b678-566aec8069fa http://www.lrc.ky.gov/record/17RS/SB2.htm b1bbefe5956cef93ba6fb11e79b195ce0d20955e25b479f2a3051f7e7fc5ed8a 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-ky

Kentucky SB 2 (2017RS) — AN ACT relating to retirement and declaring an emergency. Amend KRS 21.530 to require Senate confirmation of the gubernatorial appointments to the Judicial Form Retirement System; amend KRS 21.540 to require the Judicial Form Retirement System, which administers the Legislators' Retirement Plan and the Judicial Retirement Plan, to post descriptive and financial information to the system's Web site, and to delineate that investment fee and commission reporting include profit sharing, carried interest, and partnership incentives; amend KRS 61.645 to narrow the definition of investment experience on the board of trustees, to specify that vacancies to elected positions be filled by majority vote of the remaining elected members, to require Senate confirmation of gubernatorial appointments to the board, and to delineate that investment fee and commission reporting requirements for the Kentucky Retirement Systems shall include profit sharing, carried interest, and partnership incentives; provide that the systems may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; subject the Kentucky Retirement Systems to KRS Chapter 18A regarding personnel; cap the reimbursement rate for legal services at the Government Contract Review Committee maximum hourly rate; make technical amendments; amend KRS 161.250 to add two gubernatorial appointments to the board subject to Senate confirmation, to specify that investment fee and commission reporting requirements for the Kentucky Teachers' Retirement System must include profit sharing, carried interest, and partnership incentives; provide that the Teachers' Retirement System may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; cap the reimbursement rate for legal services to the Teachers' Retirement System at the Government Contract Review Committee maximum hourly rate; amend various KRS sections to place all state retirement systems under the Model Procurement Code regarding contracts and improve definition of placement agents to include nonemployees and subsidiary firms; amend KRS 7A.220 to increase the membership of the Public Pension Oversight Board; amend KRS 7A.255 to require annual reporting of the percentage of system assets being reported by external managers and partnerships; amend KRS 6.350 to declare noncompliant any actuarial analyses returning negligible or indeterminable cost results; EMERGENCY.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. HFA1 (committee substitute) — source
  2. HFA2 (committee substitute) — source
  3. HFA3 (committee substitute) — source
  4. Most Recent Version (committee substitute) — source
  5. SB 2 (As Introduced) (committee substitute) — source
  6. SCS1 (committee substitute) — source

Timeline

The legislative action history — every referral, reading, and vote.

  • 2017-01-03 Introduced in Senate introduction
  • 2017-01-03 Taken from Committee on Committees (S)
  • 2017-01-03 1st reading reading-1
  • 2017-01-03 Returned to Committee on Committees (S)
  • 2017-01-03 To State & Local Government (S) referral-committee
  • 2017-01-04 Taken from State & Local Government (S)
  • 2017-01-04 2nd reading reading-2
  • 2017-01-04 Returned to State & Local Government (S)
  • 2017-02-08 Reported favorably, to Rules with Committee Substitute (1)
  • 2017-02-08 Posted for passage in the Regular Orders of the Day for Wednesday, February 8, 2017
  • 2017-02-08 3rd reading, passed 37-0 with Committee Substitute (1) reading-3, passage
  • 2017-02-09 Received in House
  • 2017-02-13 To State Government (H) referral-committee
  • 2017-02-14 Posted in committee
  • 2017-02-16 Reported favorably, 1st reading, to Calendar reading-1
  • 2017-02-16 Floor amendment (1) filed amendment-introduction
  • 2017-02-17 Floor amendment (2) filed amendment-introduction
  • 2017-02-21 2nd reading, to Rules reading-2
  • 2017-02-21 Posted for passage in the Regular Orders of the Day for Wednesday, February 22, 2017
  • 2017-02-22 Floor amendment (3) filed amendment-introduction
  • 2017-02-23 3rd reading reading-3
  • 2017-02-23 Floor amendment (3) defeated
  • 2017-02-23 Floor amendment (2) ruled out of order
  • 2017-02-23 Passed 99-0 with floor amendment (1)
  • 2017-02-24 Received in Senate
  • 2017-02-24 To Rules (S) referral-committee
  • 2017-02-24 Posted for passage for concurrence in House floor amendment (1) for Monday, February 27, 2017
  • 2017-02-27 Senate concurred in House floor amendment (1)
  • 2017-02-27 Bill passed 35-0
  • 2017-02-28 Enrolled, signed by President of the Senate
  • 2017-02-28 Enrolled, signed by Speaker of the House
  • 2017-02-28 Delivered to Governor
  • 2017-03-10 Signed by Governor executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/3ff930e5-78a0-43f2-b678-566aec8069fa. Confidence: reported (aggregated from official Kentucky legislature records).