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HB 519/AA (BR 1478) - J. Barrows, Dw. Butler, J. Adams, J. Arnold Jr, A. Arnold, C. Belcher, B. Buckingham, J. Callahan, M. Cherry, J. Coleman, R. Damron, J. Draud, T. Edmonds, C. Embry Jr, T. Feeley, C. Geveden, D. Graham, T. Kerr, D. Pasley, J. Thompson, T. Thompson, J. Vincent, J. Wayne, B. Yonts
AN ACT relating to retirement.
Amend various sections of KRS Chapters 16, 61, and 78, relating to the State Police Retirement System, Kentucky Employees Retirement System, and County Employees Retirement System; establish disability benefits for employees hired August 1, 2004, or after; authorize the retirement board to establish the budget and report to the Governor and General Assembly; authorize the board to issue payments directly; allow the board to select a custodian of funds other than the State Treasurer; authorize payment of job-related legal expenses for system employees; set contribution reporting dates and increase minimum penalty for delinquent contributions to $1,000; set vesting requirements for the purchase of service prior to participation; prohibit use of purchased service for meeting insurance vesting requirements; require disability applicants to obtain medical records and alter disability procedures to comply with the Health Insurance Portability and Accountability Act; authorize the system to conduct audits to detect possible fraud and grant the system authority to issue subpoenas to obtain information; determine treatment of bonuses; establish circumstances under which city managers and local executives may decline participation in the County Employees Retirement System.
HB 519 - AMENDMENTS
HCS/AA - Retain original provisions; delete language changing disability benefits for employees hired on or after July 1, 2004; require the retirement office to assist members applying for disability in obtaining medical information; require employers with positions eligible to participate in multiple retirement systems to designate the positions to participate in KERS, but allow KERS employees hired by the employer to continue to contribute to KERS; allow certain employees of the Council on Postsecondary Education to apply service toward medical insurance benefits.
HFA (1, J. Barrows) - Delete various provisions permitting retirement systems to issue payments; restore the State Treasurer as custodian of funds and as the issuing authority.
HFA (2, J. Barrows) - Delete various provisions permitting retirement systems to issue payments; restore the State Treasurer as custodian of funds and as the issuing authority; delete Section 9 relating to membership in KERS.
Feb 17-introduced in House
Feb 18-to State Government (H)
Feb 19-posted in committee
Feb 24-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 25-2nd reading, to Rules
Feb 27-posted for passage in the Regular Orders of the Day for Monday, March 1, 2004
Mar 2-floor amendment (1) filed to Committee Substitute
Mar 4-floor amendment (2) filed to Committee Substitute
Mar 5-3rd reading, passed 88-0 with Committee Substitute, floor amendment (2)
Mar 8-received in Senate
Mar 11-to State and Local Government (S)
Mar 16-reported favorably, 1st reading, to Consent Calendar
Mar 17-2nd reading, to Rules
Mar 19-posted for passage in the Consent Orders of the Day for Monday, March 22, 2004
Mar 22-3rd reading, passed 36-0-2
Mar 23-received in House; enrolled, signed by each presiding officer; delivered to Governor
Apr 2-signed by Governor (Acts ch. 36)
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