Establishes the Kentucky Public Pensions Authority to administer the Kentucky Retirement Systems and County Employees Retirement System.

The bill creates the Kentucky Public Pensions Authority, an eight-member body tasked with administering a unified personnel system for the Kentucky Retirement Systems and County Employees Retirement System. The Authority is responsible for managing administrative needs, including benefit counseling, information technology, and legal services. It also oversees the hiring of a single actuarial consulting firm and certified public accountant for both systems. The Authority is granted corporate powers, including the ability to enter into contracts and sue or be sued.

Establishes the Kentucky Public Pensions Authority to administer the Kentucky Retirement Systems and County Employees Retirement System.

The bill creates the Kentucky Public Pensions Authority, an eight-member body tasked with administering a unified personnel system for the Kentucky Retirement Systems and County Employees Retirement System. The Authority is responsible for managing administrative needs, including benefit counseling, information technology, and legal services. It also oversees the hiring of a single actuarial consulting firm and certified public accountant for both systems. The Authority is granted corporate powers, including the ability to enter into contracts and sue or be sued.