House Bill 427

Actions
Last Action posted in committee
Title AN ACT relating to pension surcharges to benefit the Kentucky Retirement Systems and Kentucky Teachers' Retirement System and declaring an emergency.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 849
Sponsor B. Yonts
Summary of Original Version Create new sections of KRS 61.510 to 61.705 to create a surcharge on state contracts for personnel hired in lieu of hiring a state employee; require the surcharge to be paid to the unfunded liability trust fund created under KRS 61.706; apply to all participating employers and for all memoranda of agreement and personnel service contracts, as defined in KRS 45A.690 of the Model Procurement Code; create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Employees Retirement System; create new section of KRS 161.220 to 161.716 to create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Teachers' Retirement System; amend KRS 164.350, 164.365 and 164.5805 to conform; EMERGENCY.
Index Headings of Original Version Fiscal Note - Pension surcharge on state contracts
Education, Higher - Kentucky Community and Technical College System
Education, Higher - Pension surcharge on nonparticipating employees
Effective Dates, Emergency - Pension surcharges on state contracts, nonparticipating employees
Retirement and Pensions - Pension surcharge on state contracts
Contracts - Pension surcharge on state contracts
Actuarial Analysis - Pension surcharge on state contracts

Actions

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02/18/16
  • introduced in House
02/22/16
  • to State Government (H)
02/23/16
  • posted in committee


Last updated: 1/16/2019 3:08 PM (EST)