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Legislative Updates

Part I of the 2021 Regular Session of the Kentucky General Assembly convened on January 5, 2021. This will be a 30-day Session per Section 46 of the Kentucky Constitution. The Session is currently scheduled to adjourn Sine Die on March 30.

Retirement and pension-themed legislation is updated on the Legislative Research Commission website each legislative day. Legislation of particular significance will be highlighted on this page, and we will inform you of any changes that become law.

Daily Legislative Update: Day 30 Sine Die

March 30, 2021

The Kentucky General Assembly adjourned the 2021 Regular Session Sine Die (Latin for "without a day") on Tuesday evening, March 30. One bill on the Daily Tracking List, House Bill 261 (Fraud against the Kentucky Public Pensions Authority) passed and was delivered to the Governor on March 30. The Governor has ten (10) days, excluding Sundays, to consider bills, so it may be a few more days before we know the final status of this bill.

We will soon be issuing a spring Member Newsletter that will have an article summarizing key bills and resolutions passed during the Session. In the meantime, here is a look at pertinent legislative action from the final day of the 2021 Session: 

In addition to House Bill 261 mentioned above, four Senate Resolutions we have been tracking on the Daily List were unanimously adopted 38-0 on March 30. Senate Resolution 205 (Confirm appointment of George Carlisle Cheatham II to CERS Board of Trustees); Senate Resolution 206 (Confirm appointment of William Thomas O'Mara to CERS Board of Trustees); Senate Resolution 207 (Confirm appointment of James Michael Foster to KRS Board of Trustees); and Senate Resolution 209 (Confirm appointment of Merl M. Hackbart to CERS Board of Trustees) only required Senate confirmation and did not need to be adopted in the House. Gubernatorial appointments to the various boards require Senate approval. 

Also on the Daily List, House Bill 192 (State Executive Branch budget bill) was enrolled, signed by the presiding officer in each chamber, and was delivered to the Secretary of State. You may recall that the Governor line item vetoed several parts of this bill, with most of those vetoes overridden on March 29. The new one-year budget takes effect on July 1, 2021. 

On the Other Retirement-Related Legislation List, House Bill 113, House Bill 258, House Bill 312, and House Bill 405 all saw movement on Legislative Day 30. 

SESSION NOTES:

  1. Later this April we will issue a spring Member Newsletter that will summarize the retirement-related legislative action from the 2021 Session. A link to the newsletter will be posted on this page when it is issued.
  2. Please continue to follow our social media outlets for the latest KPPA updates.
  3. Unless the Governor calls a special session later this year, the General Assembly will not convene again until January 4, 2022.

Finally, thank you for reading these daily updates for the past four months. We hope you have enjoyed following the legislative action along with us, and that you will join us again next Session.

Legislation Status Chart

If you’re interested in the legislative process you can always watch committee meetings and the proceedings of both chambers live on KET whenever the General Assembly is in session.

Please be advised that these legislative summaries are intended for general informational purposes only and should not be relied upon as legal advice regarding the legislative meaning, purpose, intent, application or administration of a particular statutory change.

If you have questions or concerns regarding the impact of a particular piece of legislation, please contact the Legislative Research Commission or a qualified attorney. If you have questions regarding your Kentucky Public Pensions Authority benefits, please contact us through our webpage at kyret.ky.gov or by telephone at (800) 928-4646.

Public Pension Oversight Board Materials

The Public Pension Oversight Board assists the General Assembly with its review, analysis, and oversight of the administration, benefits, investments, funding, laws and administrative regulations, and legislation pertaining to the Kentucky Public Pensions Authority.

Find additional PPOB meeting materials on LRC's Public Pension Oversight Board page.

Public Pension Oversight Board Materials
Download
February 24 2020 KRS Investment Performance and Cash Flow Quarterly Update
November 25 2019 KRS Cash Flow
September 23 2019 State Auditor's Special Audit of KRS Adherence to SB2 2017
August 27 2019 Auditor of Public Accounts Special Examination
August 26 2019 KRS Biennial Budget Request Year Ended Returns and Cashflows
June 24 2019 KRS Investment Performance and Cash Flow Quarterly Update
May 20 2019 PPOB Presentation about Pension Funding
May 20 2019 Pension Funding KRS Prorating Employer Liabilities and Contributions
April 22 2019 2018 Actuarial Experience Study
April 22 2019 Sumary of 2018 Experience Study
April 22 2019 Actuarial Valuation Results KERS, CERS, SPRS
March 2019 KRS PPOB Administrative Subcommittee CERS Separation
February 25 2019 KRS Quarterly Update
December 17 2018 KRS Agency Participation Issues Presentation
November 26 2018 KRS Cash Flow Presentation
November 26 2018 KRS Actuarial Presentation
October 22 2018 Trustee Election Overview PPOB
September 24 2018 GRS Presentation
August 27 2018 KRS Investment Cash Flow Quarterly Update - SB 2 - Opt-Out
June 30 2018 KRS Actuarial Experience Study
June 30 2018 KRS Actuarial Valuation Results for KERS, CERS and SPRS
June 25 2018 KRS PPOB Presentation
June 4 2018 KRS PPOB Presentation
September 25 2017 KRS PPOB Presentation
November 28 2016 PPOB Actuarial Valuations
September 26 2016 KRS Healthcare Presentation
June 27 2016 CEM Benchmarking Findings
May 23 2016 KRS Inviolable Contract Overview



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