Last Action | reported favorably, to Rules with Committee Substitute |
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Title | AN ACT relating to retirement. |
Bill Documents |
Bill
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Impact Statements |
Actuarial Analysis
Local Mandate |
Bill Request Number | 126 |
Sponsor | M. Cherry |
Summary of Original Version | Amend KRS 18A.205 to provide that a retiree who has been reemployed in a full-time position within state government on or after September 1, 2008, shall be eligible for life insurance benefits; amend KRS 61.510 and 78.510 to provide that the retirement systems shall add one or more fiscal years to the final compensation calculation for employees participating in the Kentucky Employees Retirement System or the County Employees Retirement System on or after September 1, 2008, if the member does not have five complete fiscal years of service upon retirement; amend KRS 61.637 to make technical changes. |
Index Headings of Original Version |
Retirement and Pensions - Kentucky Retirement Systems, determination of final compensation Public Officers and Employees - Kentucky Retirement Systems, determination of final compensation State Agencies - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Actuarial Analysis - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Local Mandate - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits |
Proposed Amendments |
House Committee Substitute 1 Senate Committee Substitute 1 |
Votes | Vote History |
12/17/09 |
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01/05/10 |
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01/19/10 |
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01/28/10 |
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02/01/10 |
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02/03/10 |
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02/04/10 |
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02/08/10 |
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03/19/10 |
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03/23/10 |
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03/25/10 |
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Amendment | House Committee Substitute 1 |
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Impact Statements |
Actuarial Analysis
Local Mandate |
Summary | Retain original provisions; amend KRS 15.400 to increase the maximum break in employment before loss of Peace Officer Professional Standards certification from 60 to 100 days for those peace officers who were deemed to have met the standards by virtue of employment on December 1, 1998. |
Index Headings |
Retirement and Pensions - Kentucky Retirement Systems, determination of final compensation Public Officers and Employees - Kentucky Retirement Systems, determination of final compensation State Agencies - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Actuarial Analysis - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Local Mandate - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits |
Amendment | Senate Committee Substitute 1 |
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Impact Statements |
Actuarial Analysis
Local Mandate |
Summary | Retain original provisions except amend KRS 15.400 to provide individuals who retired with Peace Officer Professional Standards (POPS) certification on or after July 1, 2008, who are reemployed with a law enforcement agency within 100 days following the effective date of this Act with automatic POPS certification. |
Index Headings |
Retirement and Pensions - Kentucky Retirement Systems, determination of final compensation Public Officers and Employees - Kentucky Retirement Systems, determination of final compensation State Agencies - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Actuarial Analysis - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits Local Mandate - Personnel Cabinet, allow retirees reemployed after 9/1/2008 participation in life insurance benefits |
Last updated: 8/28/2019 7:34 AM (EDT)