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Title
AN ACT relating to actuarial investigations.
Summary of Original Version
Amend KRS 21.440, 61.670, 78.784, and 161.400 to require the Legislators' Retirement Plan, the Judicial Retirement Plan, the Kentucky Retirement Systems, the County Employees Retirement System, and the Teachers' Retirement System to perform an actuarial investigation of economic assumptions once every two years rather than once every five years while retaining a review of demographic assumptions once every five years; amend KRS 78.784 to require the County Employees Retirement System to provide a projection/analysis over a 30-year period rather than a 20-year period regarding projections in the annual actuarial valuation and as it relates to experience studies, assumption changes, and other changes made by the boards of each system; require the first actuarial investigation of economic assumptions to occur prior to 2023 actuarial valuations.
Documents
Introduced .pdf (54.86 KB)
Index Headings of Original Version
State administered retirement systems, economic assumptions, investigation, biennial
State administered retirement systems, economic assumptions, investigation, biennial
Kentucky Public Pensions Authority, investigation of economic assumptions every two years
Teachers' Retirement System, investigation of economic assumptions every two years
Kentucky Public Pensions Authority, investigation of economic assumptions every two years
Teachers' Retirement System, investigation of economic assumptions every two years
Actions
10/20/21
  • Prefiled by the sponsor(s).
01/04/22
  • introduced in House
01/12/22
  • to State Government (H)
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