Kentucky SB70 amends the composition and duties of the Public Pension Oversight Board.
Kentucky SB70 revises the Public Pension Oversight Board's composition, including members from the General Assembly and individuals with specific expertise. It mandates the board to receive annual reports on retirement allowances and investment policies from state-administered retirement systems. The bill also outlines qualifications and restrictions for board members, ensuring they have relevant experience and do not hold conflicting positions.
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