House Bill 146 (2010)

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House Bill 146 (or BR 127 2010) was introduced on January 5, 2010 by Representative Mike Cherry to the 2010 General Assembly.

It is an act relating to retirement.

BR 127 proposes to amend KRS 61.645 to require that two of the three members appointed by the Governor to the Kentucky Retirement Systems board of trustees possess ten years of investment experience and to define investment experience; amend KRS 61.650 to establish a five-member investment committee for the Kentucky Retirement Systems comprised of the two gubernatorial appointees with investment experience and three trustees appointed by the board chair; limit the amount of assets managed by a single external investment manager to no more than 15 percent of the systems' portfolio; amend KRS 16.642 and 78.790 to clarify that the investment committee established by KRS 61.650 is the investment committee for the State Police Retirement System and the County Employees Retirement System; limit the amount of assets managed by a single external investment manager to no more than 15 percent of the systems' portfolio.[1]

Links

References

  1. BR 127 on lrc.ky.gov