Kentucky Governor signs pension oversight board bill into law
A Senate bill (SB70) that amends regulations for the Public Pension Oversight Board has been signed into law by the Governor. The bill aims to strengthen oversight and accountability measures within the board, ensuring more transparent management of public pension funds.
The legislation, titled "AN ACT relating to the Public Pension Oversight Board," introduces new requirements for reporting and transparency from the board members. It also establishes stricter guidelines for financial audits and conflict-of-interest disclosures.
Chief sponsor J. Higdon, along with co-authors G. Elkins and R. Mills, led the effort to pass this bill through both chambers of the Kentucky legislature. The bill received bipartisan support throughout its journey.
The bill has been enrolled and signed by both the President of the Senate and the Speaker of the House before being delivered to the Governor for final approval on April 14, 2026. It was then vetoed but ultimately signed into law after further review.
From the archive. Please note, some articles are published after the meeting date for editorial review and fact-checking.