00RS HB859


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HB 859/AA (BR 2404) - A. Arnold

     AN ACT relating to retirement.
     Amend KRS 61.552 to allow an employee participating in the Kentucky Retirement Systems to purchase service on a school board by paying the full actuarial cost; require employee wishing to do so to contract with the system prior to December 31, 2000.


     SCS/AA - Retain original provisions but provide that school board time purchased shall not apply toward insurance eligibility; amend KRS 61.555 to provide purchase of military active duty in excess of 4 years by paying 100% of the cost and provide that purchase not apply toward insurance eligibility; create new sections of KRS Chapters 16, 61, and 78 to redefine "delayed contribution payment" effective January 1, 2001.

     Feb 25-introduced in House
     Feb 28-to State Government (H)
     Mar 13-posting waived; reported favorably, 1st reading, to Calendar
     Mar 14-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Wednesday, March 15, 2000
     Mar 16-3rd reading, passed 93-0
     Mar 17-received in Senate
     Mar 21-to State and Local Government (S)
     Mar 22-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 23-2nd reading, to Rules

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