HB190 Enrolled is a comprehensive bill that amends the General Retirement System for Employees of Jefferson County by updating definitions, clarifying beneficiary designations, and modifying pension board responsibilities. The bill redefines terms such as "Investment Manager," "MISSING BENEFICIARY," and "MISSING PARTICIPANT," and clarifies the roles of various members within the system, including the "PENSION BOARD" and "RETIRED MEMBER." It also establishes new rules for the administration of benefits, the suspension and reinstatement of benefits for missing participants, and the authority of the pension board to defend and indemnify itself. The bill specifies that system records are not public and that payment of benefits and administrative expenses is subject to the prohibition against fund diversion. It repeals certain sections and sets an effective date of June 1, 2024.

The bill also revises the conditions for membership and benefit eligibility, including the removal of provisions related to the conversion of unpaid membership time and the forfeiture of certain pension benefits and employee contributions. It adds new sections to clarify the scope of immunity and procedures for forfeiture and restoration of benefits for missing participants and beneficiaries. The bill outlines the composition, election, and duties of the pension board, including the appointment of board members, election procedures, and the board's powers and responsibilities. It allows for electronic forms and notice, and it mandates background checks for individuals elected or appointed to the pension board. The bill has passed the Senate on April 25, 2024, and is awaiting further action.

Statutes affected:
Introduced: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123
Engrossed: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123
Enrolled: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123