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House Republican Floor Leader Jeff Hoover, R-Jamestown, has announced the appointment of Rep. Brian Linder, R-Dry Ridge (61st District) to represent the Kentucky House Republican Caucus on the newly created Public Pension Oversight Board.
“Rep. Linder has proven to be a valuable member of our caucus, and an outstanding legislator since being elected to serve the people of the 61st District,” said Leader Hoover. “It’s why I selected him to represent House Republicans and help provide legislative oversight and guidance on this new board.”
“I want to thank Leader Hoover for the confidence he has placed in me by selecting me to serve on the oversight board,” said Rep. Linder. “Keeping our public pension system on the road to solvency is imperative, and I’m pleased to be part of the process.”
The Public Pension Oversight Board was created by the passage of Senate Bill 2 in the 2013 Regular Session of the Kentucky General Assembly, and the establishment of the board was effective on July 1. The purpose of the board as dictated by the newly established law is to review, analyze, and provide oversight to the Kentucky General Assembly on the benefits, administration, investments, funding, laws, and administrative regulations, and legislation pertaining to the Kentucky Retirement Systems.
The Public Pension Oversight Board will be comprised of 13 members, which will include members of the General Assembly, Kentucky’s Budget Director, Auditor, Attorney General, and two members appointed by the Governor.
Three of the 13 members appointed are required to be certified as a chartered financial analyst (CFA) with at least 10 years of investment experience.