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Legislative Updates

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​2023 Regular Session

The 2023 Regular Session of the Kentucky General Assembly convened on January 3, 2023.  This is a 30-day ​session. Legislators are not required to use all 30 days, but the session cannot last ​beyond March 30, per Section 42 of the state constitution.

Daily Legislative Update: Day 30 - Sine Die

March 30, 2023

The 2023 Regular Session of the Kentucky General Assembly adjourned sine die (a Latin phrase meaning "without a day" that is used to describe the official end of a legislative session) yesterday, March 30. Let's see what happened yesterday.

On the Daily List:

  1. First, some good news: all three Senate Resolutions confirming the recent gubernatorial appointments to the KRS board were adopted 37-0 yesterday: Senate Resolution 152 (confirming the reappointment of E. Lynn Hampton); Senate Resolution 226 (confirming the appointment of Ramsey Bova); and Senate Resolution 251 (confirming the reappointment of William Summers V). The appointments only required Senate confirmation.
  2. And now, the bad news: House Bill 49 (KPPA housekeeping bill) did not pass. The bill had most recently been assigned to the Senate State and Local Government committee, but the committee did not meet yesterday and therefore couldn't report the bill favorably to the Senate floor for a vote. Also, Senate Bill 206 (Retirement funds of urban-county governments) passed the full House 97-0, but without the amendment that included the language of our housekeeping bill. Senate Bill 206, without the amendment, was then delivered to the Governor for his consideration.
  3. In other news, Senate Bill 47 (Medicinal cannabis program) passed the full House 66-33 and was delivered to the Governor; and House Bill 551 (Create wagering administration fund: portion of remaining funds to go to KY Permanent Pension Fund) passed the Senate 25-12 and was also delivered to the Governor.

Also of note: Senate Joint Resolution 83 (Establish the Public Pensions Administration Advisory Committee of the Public Pensions Oversight Board (PPOB)); House Bill 90 (APPROPRIATIONS BILL: $100 million allocated to K-NON pension unfunded liability, etc. – EMERGENCY); and Senate Bill 148 (establish the Government Teleworking Task Force) did not pass. Finally, the General Assembly did not authorize a COLA for any of the plans administered by KPPA.

On the Other Retirement-Related Legislation tracking list, House Bill 553 was passed and delivered to the Governor.

SUMMARY OF THE 2023 LEGISLATIVE SESSION- COMING SOON:

The Governor has 10 days, excluding Sundays, to consider the bills that were sent to him this past Wednesday and Thursday. After the 10-day period expires, or whenever we see what happens to the remaining bills on our tracking lists (whichever comes first), I'll send a final, brief summary of the retirement-related bills and resolutions that passed this Session. A more detailed summary will be prepared for the next Pension Insights member/retiree newsletter scheduled for release in early May 2023.​

Click on the image below to see the Legislation Status Chart.​


​​​​​​​If you're interested in the legislative process you can always watch committee meetings and the proceedings of both chambers live on KET whenever the General Assembly is in session.​

You can click below to see a graphic showing the legislative process in the Kentucky General Assembly.



These legislative summaries are intended for general informational purposes only and should not be relied upon as legal advice regarding the legislative meaning, purpose, intent, application or administration of a particular statutory change.

If you have questions or concerns regarding the impact of a particular piece of legislation, please contact the Legislative Research Commission or a qualified attorney. If you have questions regarding your Kentucky Public Pensions Authority benefits, please contact us through our webpage at kyret.ky.gov or by telephone at (800) 928-4646.

Public Pension Oversight Board Materials

The Public Pension Oversight Board assists the General Assembly with its review, analysis, and oversight of the administration, benefits, investments, funding, laws and administrative regulations, and legislation pertaining to the Kentucky Public Pensions Authority.

Find additional PPOB meeting materials on LRC's Public Pension Oversight Board page.

Public Pension Oversight Board Materials
Download
February 24 2020 KRS Investment Performance and Cash Flow Quarterly Update
November 25 2019 KRS Cash Flow
September 23 2019 State Auditor's Special Audit of KRS Adherence to SB2 2017
August 27 2019 Auditor of Public Accounts Special Examination
August 26 2019 KRS Biennial Budget Request Year Ended Returns and Cashflows
June 24 2019 KRS Investment Performance and Cash Flow Quarterly Update
May 20 2019 PPOB Presentation about Pension Funding
May 20 2019 Pension Funding KRS Prorating Employer Liabilities and Contributions
April 22 2019 2018 Actuarial Experience Study
April 22 2019 Sumary of 2018 Experience Study
April 22 2019 Actuarial Valuation Results KERS, CERS, SPRS
March 2019 KRS PPOB Administrative Subcommittee CERS Separation
February 25 2019 KRS Quarterly Update
December 17 2018 KRS Agency Participation Issues Presentation
November 26 2018 KRS Cash Flow Presentation
November 26 2018 KRS Actuarial Presentation
October 22 2018 Trustee Election Overview PPOB
September 24 2018 GRS Presentation
August 27 2018 KRS Investment Cash Flow Quarterly Update - SB 2 - Opt-Out
June 30 2018 KRS Actuarial Experience Study
June 30 2018 KRS Actuarial Valuation Results for KERS, CERS and SPRS
June 25 2018 KRS PPOB Presentation
June 4 2018 KRS PPOB Presentation
September 25 2017 KRS PPOB Presentation
November 28 2016 PPOB Actuarial Valuations
September 26 2016 KRS Healthcare Presentation
June 27 2016 CEM Benchmarking Findings
May 23 2016 KRS Inviolable Contract Overview


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