Last Action | posted for passage in the Regular Orders of the Day for Friday, March 14, 2008 |
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Title | AN ACT relating to retirement. |
Bill Documents |
Bill
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Impact Statements |
Actuarial Analysis
Local Mandate |
Bill Request Number | 2101 |
Sponsors | G. Stumbo, M. Marzian, L. Clark, C. Miller, C. Siler, R. Weston |
Summary of Original Version | Amend KRS 61.510 and 78.510 to extend the high-three final compensation window set to expire January 1, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009; amend KRS 61.595 to extend the 2.2 percent benefit factor window set to expire January 31, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009. |
Index Headings of Original Version |
Retirement and Pensions - KERS, high-three final compensation and 2.2 percent benefit factor window extension State Employees - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Actuarial Analysis - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Local Mandate - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Retirement and Pensions - CERS, high-three final compensation window extension |
Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 House Floor Amendment 2 |
02/27/08 |
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02/28/08 |
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03/04/08 |
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03/06/08 |
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03/07/08 |
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03/10/08 |
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03/11/08 |
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03/13/08 |
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Amendment | House Committee Substitute 1 |
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Impact Statements |
Actuarial Analysis
Local Mandate |
Summary | Retain original provisions except to provide additional language to clarify the types of service credit used to determine if the elected official is eligible for the retirement window. |
Index Headings |
Retirement and Pensions - KERS, high-three final compensation and 2.2 percent benefit factor window extension State Employees - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Actuarial Analysis - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Local Mandate - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Retirement and Pensions - CERS, high-three final compensation window extension |
Amendment | House Floor Amendment 1 |
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Sponsor | C. Rollins II |
Summary | Delete original provisions, and amend KRS 61.510 to extend the high-three final compensation window set to expire January 1, 2009, for those state employees eligible for the benefit based upon service credit as of December 31, 2008; amend KRS 61.595 to extend the 2.2 percent benefit factor window set to expire January 31, 2009, for those state employees eligible for the benefit based upon service credit as of December 31, 2008 ; amend KRS 78.510 to extend the high-three final compensation window set to expire January 1, 2009, for those county employees eligible for the benefit based upon service credit as of December 31, 2008. |
Index Headings |
Retirement and Pensions - KERS, high-three final compensation and 2.2 percent benefit factor window extension State Employees - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Actuarial Analysis - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Local Mandate - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Retirement and Pensions - CERS, high-three final compensation window extension |
Amendment | House Floor Amendment 2 |
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Sponsor | G. Stumbo |
Summary | Retain original provisions except to clarify the provisions do not apply to elected members of the General Assembly or the Judiciary and to make technical amendments. |
Index Headings |
Retirement and Pensions - KERS, high-three final compensation and 2.2 percent benefit factor window extension State Employees - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Actuarial Analysis - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Local Mandate - Retirement, high-three final compensation and 2.2 percent benefit factor window extension Retirement and Pensions - CERS, high-three final compensation window extension |
Last updated: 8/28/2019 8:09 AM (EDT)