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Kentucky · 2025 Regular Session · Bill

SB 183: AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 183 is a bill introduced in the Kentucky Senate on February 14, 2025. According to its official title, it concerns: AN ACT relating to the fiduciary duties owed to the state-administered retirement systems. Most recent recorded action (March 27, 2025): delivered to Secretary of State (Acts Ch. 115).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Amend KRS 21.450, 61.650, 78.790, and 161.430 relating to the fiduciary duties owed to the state-administered retirement systems to define "shareholder-sponsored proposal" and "economic analysis"; require a proxy adviser under contract with a state-administered retirement system to conduct and document an economic analysis prior to voting on or recommending a vote on a shareholder-sponsored proposal that is inconsistent with the recommendation of the board of directors of the issuer of shares in order to demonstrate that a vote against management's recommendation is solely in the interest of the retirement plan members and beneficiaries; make technical corrections.

Sponsors

NameRolePartyChamberDistrict
No sponsor recorded in source data.

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. delivered to Secretary of State (Acts Ch. 115)
  2. enrolled, signed by Speaker of the House
  3. enrolled, signed by President of the Senate
  4. received in Senate
  5. passed 72-17
  6. veto overridden
  7. posted for consideration of Governor's veto
  8. taken from Rules
  9. to Rules (H)
  10. received in House
  11. passed 31-7
  12. veto overridden

Showing 12 most recent of 35 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source