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--- version:Introduced
+++ version:Current/Final
@@ -1,6 +1,6 @@
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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-BR168100.100 - 1681 - XXXX   2/20/2026 10:28 AM  Jacketed
+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
 AN ACT relating to the Public Pension Oversight Board. 1
 Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
 Section 1.   KRS 7A.220 (Effective January 1, 2027) is amended to read as 3
@@ -28,9 +28,9 @@
 Standing Committee on State & Local Government; and 25
 2. Two (2) members of the General Assembly appointed by the President 26
 of the Senate, each of whom shall be selected to ensure that 27
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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-BR168100.100 - 1681 - XXXX   2/20/2026 10:28 AM  Jacketed
+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
 representation on the board by Senate members of the General 1
 Assembly is in closer proportion to the repre sentation of each political 2
 party in the Senate. 3
@@ -58,10 +58,10 @@
 (k) One (1) individual[Two (2) individuals] appointed by the Governor, who[one 25
 (1) of whom] shall: 26
 1. Be certified as a chartered financial analyst (CFA) with at least ten (10) 27
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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-years of investment experience ; or[and one (1) of whom shall ] 1
+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
+years of investment experience; or[ and one (1) of whom shall ] 1
 2. Possess at least ten (10) years of retirement experience as defined by 2
 subsection (2) of this section. 3
 (2) For purposes of this section, "retirement experience" means: 4
@@ -88,9 +88,9 @@
 and for the balance of the vacated member's term. 25
 (5) Individuals appointed under subsecti on (1)(e), (f), and (k)[(j)] of this section shall 26
 serve a term of four (4) years. 27
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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-BR168100.100 - 1681 - XXXX   2/20/2026 10:28 AM  Jacketed
+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
 Section 2.   KRS 7A.255 is amended to read as follows: 1
 (1) Notwithstanding KRS 21.345 to 21.580, 61.661, 61.870 to 61.884, or 161.585 to 2
 the contrary, on or before November 15 following the close of each fiscal year, the 3
@@ -118,9 +118,9 @@
 (e) If the individual is a member who has not yet r etired, the estimated annual 25
 retirement allowance that he or she is eligible to receive at his or her normal 26
 retirement date based upon his or her service credit, final compensation, and 27
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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-BR168100.100 - 1681 - XXXX   2/20/2026 10:28 AM  Jacketed
+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
 accumulated account balance at the end of the most recently completed  fiscal 1
 year. 2
  Under no circumstances shall the member's name, address, or Social Security 3
@@ -148,9 +148,9 @@
 Kentucky Public Pensions Authority shall report to the Public Pension 25
 Oversight Board the number of recipients[individuals] and total paym ents to 26
 [members]recipients who are receiving a monthly retirement allowance due 27
-UNOFFICIAL COPY  26 RS BR 1681
+UNOFFICIAL COPY  26 RS SB 70/GA
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+SB007010.100 - 1681 - XXXX   2/20/2026 10:30 AM  GA
 to a member[become]: 1
 1. Becoming totally and permanently disabled as a direct result of an act in 2
 line of duty as defined in KRS 16.505 or 78.510; 3