House Bill 237

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Last Action to State Government (H)
Title AN ACT relating to retirement.
Bill Documents Bill
Impact Statements Actuarial Analysis
Bill Request Number 440
Sponsors D. St. Onge, B. Linder, J. Adams, R. Benvenuti III, J. Carney, C. Embry Jr., K. Imes, S. Santoro, R. Webber, A. Wuchner
Summary of Original Version Create a new section of KRS 61.510 to 61.705 to prohibit future members of the General Assembly from participating in the Kentucky Employees Retirement System unless they participated in the Kentucky Employees Retirement System or the Legislators' Retirement Plan as a member of the General Assembly prior to July 1, 2013; allow current members of the General Assembly participating in the Kentucky Employees Retirement System to make a one-time election to discontinue participation and to take a refund of accumulated contributions; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective July 1, 2013; allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation and take a refund of accumulated contributions; amend KRS 61.510 to conform.
Index Headings of Original Version Actuarial Analysis - Legislators' Retirement Plan, close plan to new entrants and allow opt-out for current members
General Assembly - Retirement, discontinue coverage for new members and allow opt-out for current members
Public Officers and Employees - Retirement, discontinue benefits for new legislators and allow opt-out for current legislators
Retirement and Pensions - KERS, discontinue benefits for new legislators and allow opt-out for current legislators
Retirement and Pensions - Legislators' Retirement Plan, close plan to new entrants and allow opt-out for current members

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02/06/13
  • introduced in House
02/07/13
  • to State Government (H)


Last updated: 1/16/2019 3:24 PM (EST)