House Bill 653

Actions | Amendments
Last Action posted for passage in the Regular Orders of the Day for Friday, March 14, 2008
Title AN ACT relating to retirement.
Bill Documents Bill
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

Actions

Top | Amendments
02/27/08
  • introduced in House
02/28/08
  • to State Government (H)
03/04/08
  • posted in committee
03/06/08
  • reported favorably, 1st reading, to Calendar with Committee Substitute
03/07/08
  • 2nd reading, to Rules
03/10/08
  • floor amendment (1) filed to Committee Substitute
03/11/08
  • floor amendment (2) filed to Committee Substitute
03/13/08
  • posted for passage in the Regular Orders of the Day for Friday, March 14, 2008

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
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
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
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: 1/16/2019 5:01 PM (EST)