| Last Action | to State Government (H) |
|---|---|
| Title | AN ACT relating to volunteer service with an agency participating in Kentucky Retirement Systems. |
| Bill Documents |
Bill
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| Impact Statements | Actuarial Analysis |
| Bill Request Number | 1448 |
| Sponsors | J. Miller, M. Denham |
| Summary of Original Version | Amend KRS 61.510 and 78.510 to provide that creditable compensation shall exclude nominal fees paid to volunteers of a participating agency who begin participating in the Kentucky Employees Retirement System and the County Employees Retirement System on or after July 1, 2015; define "volunteer" and "nominal fees"; amend KRS 61.637 to provide that retirees of Kentucky Retirement Systems who receive reimbursements of actual expenses or nominal fees for their volunteer services shall not be subject to the required breaks in employment and prohibitions on prearranged agreements prior to retirement if the retired member did not receive creditable compensation prior to retirement from the employer they are providing volunteer services, any reimbursements or nominal fees received prior to retirement have not been classified as creditable compensation or used to determine retirement benefits, the retired member has not purchased or received service credit for service with the participating employer for which he or she is providing volunteer services, and the retired member does not become an employee, leased employee, or independent contractor of the employer for which he or she is providing volunteer services for a period of at least 24 months. |
| Index Headings of Original Version |
Actuarial Analysis - Kentucky Retirement Systems, exemptions for volunteer service on retired reemployed requirements Public Officers and Employees - Kentucky Retirement Systems, exemptions for volunteer service on retired reemployed requirements Retirement and Pensions - Kentucky Retirement Systems, exemptions for volunteer service on retired reemployed requirements State Agencies - Kentucky Retirement Systems, exemptions for volunteer service on retired reemployed requirements |
| 02/23/15 |
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| 02/24/15 |
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Last updated: 1/16/2019 3:10 PM (EST)