Last Action | signed by Governor (Acts ch. 68) |
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Title | AN ACT relating to assignment of death benefits. |
Bill Documents |
Bill
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Bill Request Number | 1165 |
Sponsors | D. Ford, W. Coursey, T. Edmonds, D. Graham, B. Housman, M. Rader, S. Santoro, R. Smart, A. Webb-Edgington |
Summary of Original Version | Amend KRS 61.705 to allow the designated beneficiary of a member of the Kentucky Retirement Systems to assign the death benefit to a bank, licensed funeral home, or other lawfully recognized business entity upon the death of the member; amend KRS 161.655 to allow the designated beneficiary of a member of the Teachers' Retirement System to assign the life insurance policy benefit to a bank, licensed funeral home, or other lawfully recognized business entity; amend KRS 61.690 and 161.700 to conform. |
Index Headings of Original Version |
Public Officers and Employees - Death benefit after retirement, assignment by beneficiary Retirement and Pensions - Death benefits, assignment by beneficiary State Employees - Death benefit after retirement, assignment by beneficiary Teachers - Death benefits, assignment by beneficiary |
Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
02/07/11 |
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02/08/11 |
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02/15/11 |
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02/17/11 |
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02/18/11 |
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02/22/11 |
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02/23/11 |
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02/24/11 |
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02/25/11 |
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02/28/11 |
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03/03/11 |
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03/04/11 |
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03/16/11 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions except remove "other lawfully recognized business entity" from the list of entities a designated beneficiary may assign the death benefit or insurance policy. |
Index Headings |
Public Officers and Employees - Death benefit after retirement, assignment by beneficiary Retirement and Pensions - Death benefits, assignment by beneficiary State Employees - Death benefit after retirement, assignment by beneficiary Teachers - Death benefits, assignment by beneficiary |
Last updated: 1/16/2019 3:43 PM (EST)