House Bill 329 (2010)

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House Bill 329 (or BR 889 2010) was introduced on January 27, 2010 by Representative Jim Glenn to the 2010 General Assembly.

It is an act relating to retirement.

House Bill 329 proposes to amend KRS 61.542 to provide that members of the Kentucky Retirement Systems, the County Employee Retirement System, and the State Police Retirement System cannot change their beneficiary designation for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the State Treasurer issues the first payment; make technical amendments; amend KRS 61.590 to provide that a member or beneficiary of a member of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System cannot change their payment option for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the Kentucky State Treasurer issues the first payment; amend KRS 16.578, 61.630, and 61.640 to conform and to make technical amendments; amend KRS 16.642, 61.650, and 78.790 to provide that the Kentucky Retirement Systems investment committee shall have authority to implement the investment policies adopted by the board rather than providing the committee with the authority to implement investment policies; authorize the change in registration of securities to be completed in accordance with written policies adopted by the Kentucky Retirement System's board rather than upon the signature of the board chair and executive director.[1]

See Also

Links

References

  1. HB 329 on lrc.ky.gov