Kentucky
General Assembly

01/11/12	introduced in Senate
01/12/12	to Education (S)
03/01/12	reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/02/12	2nd reading, to Rules
03/05/12	posted for passage in the Regular Orders of the Day for Tuesday, March 6, 2012
03/06/12	3rd reading, passed 37-0 with Committee Substitute
03/07/12	received in House
03/08/12	to Education (H)
03/16/12	posted in committee taken from Education (H) 1st reading returned to Education (H)
03/19/12	taken from Education (H) 2nd reading returned to Education (H)
03/20/12	reported favorably, to Rules with Committee Substitute, committee amendment (1-title) as a Consent Bill posted for passage in the Consent Orders of the Day for Wednesday, March 21, 2012 taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
03/21/12	3rd reading, passed 94-2 with Committee Substitute, committee amendment (1-title)
03/22/12	received in Senate

Amendment	Senate Committee Substitute 1
Summary	Make technical corrections.
Index Headings	Education, Finance - KEES scholarship, high school graduates and GED recipients, revise eligibility for Education, Higher - KEES scholarship, high school graduates and GED recipients, revise eligibility for

Amendment	House Committee Substitute 1
Summary	Delete original provisions; amend KRS 161.290 to require other public employers besides school districts to provide paid leave to teacher trustees serving on the Kentucky Teachers' Retirement System board; amend KRS 161.430 to allow the Kentucky Teachers' Retirement System board to contract with one or more general investment consultants; remove references to the book value of assets in regards to limitations on funds managed internally by system's investment staff; remove the requirement that the board investment committee consist of the executive secretary of the system and two trustees; require system's staff to be subject to fiduciary requirements applicable to board members and investment consultants and managers; make technical amendments; amend KRS 161.470 to make technical corrections; amend KRS 161.480 to automatically designate a Kentucky Teachers' Retirement System member's spouse as beneficiary for an active member's account balance upon employment until changed by the member; declare the member's spouse as beneficiary of the active member's account balance in the event all named beneficiaries predecease the active member or the member fails to designate a beneficiary; amend KRS 161.545 to provide that full-time sabbatical leave by university staff participating in the Kentucky Teachers' Retirement System shall be deemed full-time employment for retirement purposes and to require employee and employer contributions to be paid during the period of sabbatical leave; amend KRS 161.560 to authorize the Kentucky Teachers' Retirement System to promulgate administrative regulations to require more frequent submission of annual reports by participating employers; amend KRS 161.605 to allow the commissioner of education to pay reemployed retirees in excess of statutory maximums if the commissioner deems that the employees have the necessary experience to provide services and support to persistently low-achieving schools as provided by KRS 160.346; amend KRS 160.612 to reduce the $500 minimum monthly disability benefit by benefit payments from all state-administered retirement systems for part-time employees participating in the Kentucky Teachers' Retirement System who apply for disability benefits on or after July 1, 2012; amend KRS 161.643 to authorize Kentucky Teachers' Retirement System to require more frequent submission of annual reports on reemployed employees by participating employers; amend KRS 161.650 to automatically designate a Kentucky Teachers' Retirement System member's spouse as beneficiary for a retired member's account remaining account balance at the time of death unless changed by the member; declare the member's spouse as beneficiary of the retired member's remaining account balance in the event all named beneficiaries predecease the retired member or the member fails to name a beneficiary for the account balance; amend KRS 161.655 to automatically designate a Kentucky Teachers' Retirement System member's spouse as beneficiary for the life insurance benefit available to active and retired members unless changed by the member; declare the member's spouse as beneficiary of the life insurance benefit available to active and retired members if upon the death of the member all named beneficiaries predecease the member or the member fails to name a beneficiary; amend KRS 161.661 to provide that members who begin participating on or after July 1, 2012, shall not be eligible for a disability benefit if they are eligible for any unreduced benefit and that they shall have their $500 minimum monthly disability benefit reduced by benefit payments from all state-administered retirement systems; EMERGENCY.
Index Headings	Education, Finance - KEES scholarship, high school graduates and GED recipients, revise eligibility for Education, Higher - KEES scholarship, high school graduates and GED recipients, revise eligibility for

Amendment	House Committee Amendment 1
Sponsor	C. Rollins II
Summary	Make title amendment.
Index Headings	Education, Finance - KEES scholarship, high school graduates and GED recipients, revise eligibility for Education, Higher - KEES scholarship, high school graduates and GED recipients, revise eligibility for