00RS HB360


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HB 360/LM (BR 1464) - M. Treesh, B. Crall, J. Hoover, T. Kerr, H. Moberly, A. Simpson, R. Thomas, J. Vincent, C. Walton

     AN ACT relating to retirement.
     Amend KRS 95.859 relating to the police and firefighters' retirement fund in cities of the second class to increase the minimum retirement benefit from $400 to $500; amend KRS 95.860, 95.861, 95.862, and 95.863 to conform.


     HCS/LM - Amend KRS 95.859 to allow police and firefighter retirees' pensions covered by KRS 95.859 to annually increase by greater than the Consumer Price Index, not to exceed 5%, if the board determines the increase is actuarially sound.
     SCS/LM - Retain original provisions of the bill and provide that for a recipient of a retirement allowance in a hazardous position in CERS on January 1, 1998, for service in the hazardous position, the percentage of monthly contribution shall be based on the total of hazardous service and any nonhazardous service as a police or firefighter with the same agency, if that agency was participating in CERS, but did not offer hazardous duty coverage for its police and firefighters at the time of initial participation.
     SCA (1/Title, E. Harris) - Make title amendment.

     Jan 13-introduced in House
     Jan 14-to Local Government (H)
     Feb 1-posted in committee
     Feb 10-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 14-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, February 15, 2000
     Feb 25-3rd reading, passed 91-0 with Committee Substitute
     Feb 28-received in Senate
     Mar 1-to State and Local Government (S)
     Mar 14-reported favorably, 1st reading, to Consent Calendar with Committee Substitute, committee amendment (1-title)
     Mar 15-2nd reading, to Rules
     Mar 20-posted for passage in the Consent Orders of the Day for Tuesday, March 21, 2000
     Mar 21-3rd reading, passed 38-0 with Committee Substitute, committee amendment (1-title) ; received in House; posted for passage for concurrence in Senate Committee Substitute, committee amendment (1-title)
     Mar 28-House concurred in Senate Committee Substitute, committee amendment (1-title) ; passed 96-0; enrolled, signed by each presiding officer
     Mar 29-delivered to Governor
     Apr 6-signed by Governor (Acts ch. 341)

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