AN ACT relating to the Public Pension Oversight Board.

Summary

The bill changes how the 25‑member board is appointed, adding more legislators, financial experts and agency representatives, and sets term limits and qualification rules. It also requires the state‑run retirement systems to submit annual reports with anonymized member data and fee information to the board. These changes aim to improve oversight and transparency of Kentucky’s public pensions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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