SB 70 — AN ACT relating to the Public Pension Oversight Board.

Summary

Amend KRS 7A.220 to amend the membership and membership qualifications of the Public Pension Oversight Board by adding the chairs or vice chairs of the Senate State & Local Government Standing Committee and House State Government Standing Committee to the board, adding the State Treasurer to the membership, removing 1 of the gubernatorial appointees from the membership, and amending "retirement experience" requirements for appointed members to include experience in retirement plan management or policy by a former elected official; make technical and conforming changes; amend KRS 7A.255 to require the Kentucky Public Pensions Authority to annually report line of duty death benefit payments to the Public Pension Oversight Board in addition to line of duty disability benefit payments; make technical amendments; EFFECTIVE, in part, January 1, 2027.

Bill Text

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill expands the membership of the Public Pension Oversight Board and modifies reporting requirements regarding state-administered retirement systems.

• KRS 7A.220

  twenty-three (23) → twenty-five (25)

  The total membership of the board increases from 23 to 25 members.

• KRS 7A.220

  Four (4) → Five (5)

  The number of members appointed by the Speaker of the House increases from 4 to 5.

• KRS 7A.220

  Four (4) → Five (5)

  The number of members appointed by the President of the Senate increases from 4 to 5.

• KRS 7A.220

  and one (1) of whom shall → and one (1) of whom shall be the chair or a vice chair of the House Standing Committee on State Government;

  A second chair or vice chair position is added to the House appointments.

• KRS 7A.220

  and one (1) of whom shall → and one (1) of whom shall be the chair or a vice chair of the Senate Standing Committee on State & Local Government;

  A second chair or vice chair position is added to the Senate appointments.

• KRS 7A.220

  Two (2) individuals → One (1) individual

  The number of individuals appointed by the Governor is reduced from 2 to 1.

• KRS 7A.220

  one (1) of whom shall → who shall:

  The requirement for the Governor's appointee is clarified to specify qualifications more cleanly.

• KRS 7A.220

  and one (1) of whom shall possess at least ten (10) years of retirement experience as defined by subsection (2) of this section. → or possess at least ten (10) years of retirement experience as defined by subsection (2) of this section.

  The requirement for the Governor's appointee is changed to only one qualification instead of two.

• KRS 7A.220

  or → or a former elected official with relevant experience in retirement or pension plan management or policy.

  A new qualification for 'retirement experience' is added to include former elected officials.

• KRS 7A.255

  individuals → recipients

  The term used to describe individuals receiving retirement allowances is updated to 'recipients' for clarity.

• KRS 7A.255

  members → recipients

  The term used when referring to those who receive retirement allowances is changed for consistency.

• KRS 7A.255

  become → becoming

  The language regarding disability due to duty-related injuries is made more consistent.

• KRS 7A.255

  or become disabled as a result of a duty-related injury as defined in KRS 61.621; → or dying as a result of a duty-related injury as defined in KRS 61.621.

  Provisions are added to ensure clarity on reporting deaths and disabilities resulting from duty-related causes.

Action History

1. April 23, 2026

   delivered to Secretary of State

2. April 23, 2026

   Vetoed

3. April 15, 2026

   delivered to Governor

4. April 15, 2026

   enrolled, signed by Speaker of the House

5. April 15, 2026

   enrolled, signed by President of the Senate

6. April 15, 2026

   received in Senate

7. April 15, 2026

   3rd reading, passed 97-1

8. March 31, 2026

   posted for passage in the Regular Orders of the Day for Wednesday, April 01 2026

9. March 20, 2026

   2nd reading, to Rules

10. March 19, 2026

    reported favorably, 1st reading, to Calendar

11. March 18, 2026

    to State Government (H)

12. February 23, 2026

    to Committee on Committees (H)

13. February 23, 2026

    received in House

14. February 20, 2026

    3rd reading, passed 38-0

15. February 19, 2026

    posted for passage in the Regular Orders of the Day for Friday, February 20 2026

16. February 19, 2026

    2nd reading, to Rules

17. February 18, 2026

    reported favorably, 1st reading, to Calendar

18. February 09, 2026

    to State & Local Government (S)

19. January 12, 2026

    to Committee on Committees (S)

20. January 12, 2026

    introduced in Senate

Sponsors

• Robby Mills · Primary
• Greg Elkins · Primary
• Jimmy Higdon · Primary

Votes

Subjects