KY SB70

Expands the Public Pension Oversight Board from 23 to 25 members, effective January 1, 2027, by increasing both House and Senate appointees from 4 to 5 members each

Adds the State Treasurer (or designee) as a new member of the board

Reduces Governor's appointments from 2 individuals to 1 individual who must be a CFA with 10+ years investment experience or possess 10+ years retirement experience

Expands the definition of "retirement experience" to include former elected officials with relevant experience in retirement or pension plan management or policy

Requires reporting on disability and death benefits to be broken down by system, benefit type (disablement or death), and retirement position type (hazardous vs. nonhazardous)