08RS SB65

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SB 65/AA (BR 237) - K. Winters

AN ACT relating to Kentucky Teachers' Retirement System and declaring an emergency.
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.

SB 65 - AMENDMENTS

SCS/AA - Retain original provisions, except add options for purchase of service credit by stating additional roll-over options; make technical corrections.

HFA (1, F. Rasche) - 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.

     Jan 9-introduced in Senate
     Jan 10-to Education (S)
     Jan 24-reported favorably, 1st reading, to Calendar with Committee Substitute
     Jan 25-2nd reading, to Rules
     Jan 29-posted for passage in the Regular Orders of the Day for Wednesday, January 30, 2008
     Jan 30-3rd reading, passed 35-0 with Committee Substitute
     Jan 31-received in House
     Feb 5-to Education (H)
     Feb 14-posted in committee
     Feb 26-reported favorably, 1st reading, to Calendar
     Feb 27-2nd reading, to Rules
     Mar 3-posted for passage in the Regular Orders of the Day for Tuesday, March 4, 2008
     Mar 5-floor amendment (1) filed
     Mar 10-floor amendment (1) withdrawn
     Mar 25-3rd reading, passed 97-0
     Mar 26-received in Senate
     Apr 1-enrolled, signed by President of the Senate
     Apr 2-enrolled, signed by Speaker of the House; delivered to Governor
     Apr 7-signed by Governor (Acts Ch. 11)

Vote History

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