House Bill 495

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Last Action to State Government (H)
Title AN ACT relating to retirement benefit participation for members of the General Assembly and declaring an emergency.
Bill Documents Bill
Impact Statements Actuarial Analysis
Bill Request Number 1087
Sponsor P. Moffett
Summary of Original Version Create a new section of KRS 6.145 to 6.237 to allow individuals who become a member of the General Assembly on or after April 1, 2015 to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly; allow members of the General Assembly who began contributing to the Legislators' Retirement Plan or the Kentucky Employees Retirement System on or after December 31, 2014 but prior to April 1, 2015, to make a one-time irrevocable election by May 31, 2015, to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly and receive a refund of accumulated contributions; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System shall apply to all future service of the General Assembly; amend KRS 6.505, 61.510, and 61.525 to conform; EMERGENCY.
Index Headings of Original Version General Assembly - Retirement, election to discontinue or not participate in LRP or KERS for service to Gen. Assembly
Public Officers and Employees - Legislators, election to discontinue or not participate in LRP or KERS for service to Gen. Assembly
Retirement and Pensions - Kentucky Retirement Systems, election to discontinue or not participate for service to Gen. Assembly
Retirement and Pensions - Legislators' Retirement Plan, election to discontinue or not participate for service to GA
Actuarial Analysis - Retirement, election to discontinue or not participate in LRP or KERS for service to Gen. Assembly

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02/23/15
  • introduced in House
02/24/15
  • to State Government (H)


Last updated: 1/16/2019 3:10 PM (EST)