Last Action | signed by Governor (Acts Ch. 11) |
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Title | AN ACT relating to Kentucky Teachers' Retirement System and declaring an emergency. |
Bill Documents |
Bill
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Impact Statements | Actuarial Analysis |
Bill Request Number | 237 |
Sponsor | K. Winters |
Summary of Original Version | Amend KRS 161.568 and 161.569 to provide a one-time election, beginning in July 1, 2008, for public university personnel who have elected to participate in the optional retirement plan to participate in the Kentucky Teachers' Retirement System within their six years and six months of continuous service in any one of the institutions identified in KRS 161.220(4)(b); permit university personnel who make the election to purchase their prior service with their postsecondary education employers as service credit; specify university contribution rate; amend KRS 161.540 change the reference to university employees rather than university faculty members; EMERGENCY. |
Index Headings of Original Version |
Education, Higher - Kentucky Teachers' Retirement System, participation option, university personnel Retirement and Pensions - Kentucky Teachers' Retirement System, participation option, university personnel Universities and Colleges - Kentucky Teachers' Retirement System, participation option, university personnel Effective Dates, Emergency - BR 237 Actuarial Analysis - Kentucky Teachers' Retirement System, participation option, university personnel |
Proposed Amendments |
Senate Committee Substitute 1 House Floor Amendment 1 |
Votes | Vote History |
01/09/08 |
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01/10/08 |
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01/24/08 |
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01/25/08 |
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01/29/08 |
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01/30/08 |
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01/31/08 |
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02/05/08 |
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02/14/08 |
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02/26/08 |
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02/27/08 |
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03/03/08 |
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03/05/08 |
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03/10/08 |
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03/25/08 |
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03/26/08 |
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04/01/08 |
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04/02/08 |
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04/07/08 |
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Amendment | Senate Committee Substitute 1 |
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Impact Statements | Actuarial Analysis |
Summary | Retain original provisions, except add options for purchase of service credit by stating additional roll-over options; make technical corrections. |
Index Headings |
Education, Higher - Kentucky Teachers' Retirement System, participation option, university personnel Retirement and Pensions - Kentucky Teachers' Retirement System, participation option, university personnel Universities and Colleges - Kentucky Teachers' Retirement System, participation option, university personnel Effective Dates, Emergency - BR 237 Actuarial Analysis - Kentucky Teachers' Retirement System, participation option, university personnel |
Amendment | House Floor Amendment 1 |
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Sponsor | F. Rasche |
Summary | Add section to amend KRS 161.567 to permit mutual fund accounts under the optional retirement plans; permit up to four companies rather than three companies from which the postsecondary education institution may purchase contracts. |
Index Headings |
Education, Higher - Kentucky Teachers' Retirement System, participation option, university personnel Retirement and Pensions - Kentucky Teachers' Retirement System, participation option, university personnel Universities and Colleges - Kentucky Teachers' Retirement System, participation option, university personnel Effective Dates, Emergency - BR 237 Actuarial Analysis - Kentucky Teachers' Retirement System, participation option, university personnel |
Last updated: 8/28/2019 8:09 AM (EDT)