Last Action | signed by Governor (Acts ch. 173) |
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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 | 889 |
Sponsor | J. Glenn |
Summary of Original Version | Amend KRS 61.542 to provide that members of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System cannot change their beneficiary designation for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the State Treasurer issues the first payment; make technical amendments; amend KRS 61.590 to provide that a member or beneficiary of a member of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System cannot change their payment option for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the State Treasurer issues the first payment; amend KRS 16.578, 61.630, and 61.640 to conform and to make technical amendments; amend KRS 16.642, 61.650, and 78.790 to provide that the Kentucky Retirement Systems investment committee shall have authority to implement the investment policies adopted by the board rather than providing the committee with the authority to implement investment policies; authorize the change in registration of securities to be completed in accordance with written policies adopted by the Kentucky Retirement System's board rather than upon the signature of the board chair and executive director. |
Index Headings of Original Version |
Retirement and Pensions - Kentucky Retirement Systems, housekeeping bill Public Officers and Employees - Kentucky Retirement Systems, housekeeping bill State Agencies - Kentucky Retirement Systems, housekeeping bill State Employees - Kentucky Retirement Systems, housekeeping bill Actuarial Analysis - Kentucky Retirement Systems, housekeeping bill Local Mandate - Kentucky Retirement Systems, housekeeping bill |
Proposed Amendments | House Floor Amendment 1 |
Votes | Vote History |
01/27/10 |
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01/28/10 |
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02/02/10 |
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02/11/10 |
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02/12/10 |
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02/17/10 |
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02/18/10 |
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02/22/10 |
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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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04/14/10 |
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04/15/10 |
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04/26/10 |
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Amendment | House Floor Amendment 1 |
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Sponsor | J. Glenn |
Summary | Restore provisions of paragraph (2)(c) of Section 2 involving payment of benefits upon the death of a principal beneficiary before the member's retirement and to make technical corrections. |
Index Headings |
Retirement and Pensions - Kentucky Retirement Systems, housekeeping bill Public Officers and Employees - Kentucky Retirement Systems, housekeeping bill State Agencies - Kentucky Retirement Systems, housekeeping bill State Employees - Kentucky Retirement Systems, housekeeping bill Actuarial Analysis - Kentucky Retirement Systems, housekeeping bill Local Mandate - Kentucky Retirement Systems, housekeeping bill |
Last updated: 8/28/2019 7:34 AM (EDT)