KRS 21.560: Investments -- Legislative retirement fund.

The members of the board of trustees of the Judicial Form Retirement System who are

appointed by the President of the Senate and the Speaker of the House of Representatives,

singly or jointly, together with the members of the board who are appointed by the

Governor, shall constitute an investment committee for the Legislators' Retirement Plan,

and as such shall have all the powers and duties with respect to the legislators' retirement

fund as are given by KRS 21.440(1) and 21.550 to the investment committee of the

Judicial Retirement Plan with respect to the judicial retirement fund. The committee

provided for by this section may, with the concurrence of the investment committee for

the Judicial Retirement Plan, arrange for the legislators' retirement fund a nd the judicial

retirement fund to constitute a common fund for investment purposes only, to be under

the management of the investment committee for the Judicial Retirement Plan, each fund

sharing in the common fund in proportion to the value of its assets contributed to the

common fund.