# Kentucky SB 104: AN ACT relating to the Kentucky Public Employees' Deferred Compensation Authority. Kentucky SB 104, AN ACT relating to the Kentucky Public Employees' Deferred Compensation Authority., is a 2025 Regular Session Senate bill sponsored by Scott Madon (Republican); status signed, last action 2025-04-01 (signed by Governor (Acts Ch. 141)) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/KY-SB104-2025RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Kentucky SB 104 - State: Kentucky - Session: 2025 Regular Session - Title: AN ACT relating to the Kentucky Public Employees' Deferred Compensation Authority. - Status: signed - Chamber: Senate - Introduced: 2025-02-05 - Last action: 2025-04-01, signed by Governor (Acts Ch. 141) - Sponsor: Scott Madon (Republican) - Cosponsors: 2 - Subjects: Fiduciaries, Retirement and Pensions, State Agencies, State Employees - Touches household money: no - Roll calls: 2 (134 yes, 0 no in all) - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Retirement authority officials get legal cost support: benefit, low. The Kentucky Public Employees' Deferred Compensation Authority board must reimburse or advance legal costs for trustees, officers, and employees. Coverage applies to civil cases arising from their official duties. The board can also buy insurance covering liability from managing the plans. Contract… - Public worker retirement funds cover plan costs: cost, low. Kentucky public employee deferred compensation plans use trust fund assets and investment interest to pay plan costs. Covered costs include operations, insurance premiums, deductibles, and settlements of claims against the Authority, its plans, and trustees. The board must find that spending serves… - Public workers gain self-directed investing options: mixed, low. The board can offer Kentucky public employee retirement savers self-directed brokerage accounts through a licensed, board-selected broker registered with federal securities regulators. Account investments must be securities registered with the U.S. Securities and Exchange Commission. Participants a… - Retirement trustees face duties and lawsuit limits: mixed, low. Trustees must act in good faith, stay informed, and serve the Authority's, plans', and trusts' best interests. They must use ordinary prudent care when making inquiries. Money damages or court orders against trustees generally require a breach of these duties. Money damages also require willful mis… ## Sponsors and cosponsors - Sponsor: Scott Madon (Republican), Senate - Cosponsor: Amanda Mays Bledsoe (Republican), Senate - Cosponsor: Jimmy Higdon (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-28 | House | 3rd reading, passed | pass | 98 | 0 | | | 2025-02-21 | Senate | 3rd reading, passed | pass | 36 | 0 | | ## Actions (22) - 2025-04-01: signed by Governor (Acts Ch. 141) - 2025-03-28: delivered to Governor - 2025-03-28: enrolled, signed by Speaker of the House (Senate) - 2025-03-28: enrolled, signed by President of the Senate (Senate) - 2025-03-28: received in Senate (Senate) - 2025-03-28: 3rd reading, passed 98-0 (House) - 2025-03-13: placed in the Orders of the Day (House) - 2025-03-13: taken from Rules (House) - 2025-03-12: reported favorably, 2nd reading, to Rules (House) - 2025-03-11: to State Government (H) (House) - 2025-03-11: returned to Committee on Committees (H) (House) - 2025-03-11: 1st reading (House) - 2025-03-11: taken from Committee on Committees (H) (House) - 2025-02-25: to Committee on Committees (H) (House) - 2025-02-25: received in House (House) - 2025-02-21: 3rd reading, passed 36-0 (Senate) - 2025-02-20: posted for passage in the Regular Orders of the Day for Friday, February 21, 2025 (Senate) - 2025-02-20: 2nd reading, to Rules (Senate) - 2025-02-19: reported favorably, 1st reading, to Calendar (Senate) - 2025-02-07: to State & Local Government (S) (Senate) - 2025-02-05: to Committee on Committees (S) (Senate) - 2025-02-05: introduced in Senate (Senate) ## Bill text - Current, 2025-02-21: [PDF](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/sb104/bill.pdf) - Introduced, 2025-02-21: [PDF](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/sb104/orig_bill.pdf) ## Related bills - HB 501: AN ACT relating to pharmaceutical drugs. (became law) - HB 664: AN ACT relating to the operation of a motor vehicle and declaring an emergency. (signed) - HB 606: AN ACT relating to economic development. (signed) - HB 421: AN ACT relating to colorectal cancer screenings. (signed) - HB 555: AN ACT relating to local government financial practices. (signed) - HB 493: AN ACT relating to the towing and storage of motor vehicles. (signed) ## Sources - [Current (PDF)](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/sb104/bill.pdf) - [Introduced (PDF)](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/sb104/orig_bill.pdf) ## Related - [HB 501: AN ACT relating to pharmaceutical drugs.](https://policyrisk.com/state-bill/KY-HB501-2025RS) - [HB 664: AN ACT relating to the operation of a motor vehicle and declaring an emergency.](https://policyrisk.com/state-bill/KY-HB664-2025RS) - [HB 606: AN ACT relating to economic development.](https://policyrisk.com/state-bill/KY-HB606-2025RS) - [HB 421: AN ACT relating to colorectal cancer screenings.](https://policyrisk.com/state-bill/KY-HB421-2025RS) - [HB 555: AN ACT relating to local government financial practices.](https://policyrisk.com/state-bill/KY-HB555-2025RS) - [HB 493: AN ACT relating to the towing and storage of motor vehicles.](https://policyrisk.com/state-bill/KY-HB493-2025RS) - [Kentucky bills](https://policyrisk.com/states/kentucky/bills) - [Kentucky state hub](https://policyrisk.com/states/kentucky) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/KY-SB104-2025RS (as of 2026-10-19).