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7A.240 Authority of board.
The Public Pension Oversight Board shall have the authority to:
(1) Except as provided by KRS 61.661, require the Kentucky Retirement Systems,
or any other state agency, to provide any and all information necessary to carry
out the duties of the board, including any actuarial analysis. The cost of
providing the information to the board, including any actuarial analysis, shall be
included in the administrative budget of the Kentucky Retirement Systems or
the state agency;
(2) Conduct public hearings in furtherance of its general duties, at which it may
request the appearance of officials of any state agency and solicit the
testimony of interested groups and the general public;
(3) Establish a uniform format for reports and data submitted to the board by the
Kentucky Retirement Systems and the frequency and due dates for the reports
and data;
(4) Request the Auditor of Public Accounts to perform a financial or special audit
of the Kentucky Retirement Systems; and
(5) Subject to selection and approval by the Legislative Research Commission,
utilize the services of consultants, actuaries, managers, legal counsel, and
auditors to render professional, managerial, and technical assistance, as
needed.
Effective:July 1, 2013
History: Created 2013 Ky. Acts ch. 120, sec. 5, effective July 1, 2013.
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