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SB 275/AA (BR 1988) - B. Guthrie
AN ACT relating to retirement.
Amend KRS 161.220 to include in the membership of the Teachers' Retirement System the employees of the Workforce Development Cabinet, Department of Adult Education and Literacy, and the Department for Technical Education who were contributing to Teachers' Retirement on July 15, 2000.
SB 275 - AMENDMENTS
SFA (1, B. Guthrie) - Remove commissioners of the Department of Adult Education and Literacy and the Department for Technical Education from the list of members of the Kentucky Teachers Retirement System; and define "full actuarial cost" as the actuarial value of all costs associated with the enhancement of a member's benefits including health insurance supplement payments.
HFA (1/AA, J. Barrows) - Amend KRS 61.510 and KRS 78.510 to define final compensation for nonhazardous employees whose effective retirement is between August 1, 2000, and January 31, 2005, and whose total years of service credit equals at least twenty-seven years and whose total age and years of service equals seventy-five to mean the three fiscal years that they employee was paid at the highest average monthly rate divided by the number of months of service credit during that three year period multiplied by twelve; provide that the funding be provided from existing funds of the retirement allowance account.
HFA (2, C. Geveden) - Amend KRS 61.510 and KRS 78.510 to define final compensation for nonhazardous employees whose effective retirement is between August 1, 2000 and January 31, 2005, and whose total years of service credit equals at least twenty-five years and whose total age and years of service equals seventy-five to mean the three fiscal years that they employee was paid at the highest average monthly rate divided by the number of months of service credit during that three year period multiplied by twelve; provide that the funding be provided from existing funds of the retirement allowance account.
HFA (3, R. Damron) - Require the Teachers' Retirement System to allow eligible members to purchase National Guard and military reserve time, as provided in KRS 161.507, by paying the system the estimated actuarial cost.
HFA (4, G. Stumbo) - Create a new section of KRS Chapter 48 to permit the Governor to declare an emergency and administer the executive branch of government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if general appropriations bill for the executive branch is not enacted; restrict authorizations to maximum of one fiscal year; require investment of revenues received in excess of appropriations.
HFA (5, G. Stumbo) - Create a new section of KRS Chapter 48 to permit the Legislative Research Commission to declare an emergency and administer the legislative branch of government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if general appropriations bill for the legislative branch is not enacted; permit the Chief Justice to declare an emergency and administer the judicial branch of government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if general appropriations bill for the judicial branch is not enacted; restrict authorizations to maximum of one fiscal year; require investment of revenues received in excess of appropriations.
HFA (6/Title, G. Stumbo) - Make title amendment.
Feb 16-introduced in Senate
Feb 18-to State and Local Government (S)
Mar 7-reported favorably, 1st reading, to Consent Calendar
Mar 8-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Thursday, March 9, 2000
Mar 9-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; passed over and retained in the Orders of the Day; floor amendment (1) filed
Mar 10-3rd reading, passed 34-0 with floor amendment (1)
Mar 13-received in House
Mar 14-to Education (H)
Mar 16-posting waived; reported favorably, 1st reading, to Calendar
Mar 17-2nd reading, to Rules
Mar 21-posted for passage in the Regular Orders of the Day for Wednesday, March 22, 2000
Mar 24-floor amendments (1) and (2) filed
Mar 27-floor amendment (3) filed
Mar 29-floor amendments (4) (5) and (6-title) filed
Apr 11-recommitted to Appropriations and Revenue (H)
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