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House Bill 448

Actions | Amendments
Last Action to State & Local Government (S)
Title AN ACT relating to agencies that discontinue participation in Kentucky Retirement Systems.
Bill Documents Bill
Bill Request Number 1974
Sponsor B. Yonts
Summary of Original Version Create a new section of KRS Chapter 61 to provide that an employer ceasing participation in the Kentucky Employees Retirement System or the County Employees Retirement System as provided by KRS 61.522 that elects to provide an alternative retirement plan with mandatory employee contributions may "pick-up" the employee contributions in the alternative retirement plan so that the contributions will be made on a tax-deferred basis; amend KRS 141.010 to conform.
Index Headings of Original Version Public Officers and Employees - Retirement, agencies ceasing participation in the Kentucky Retirement Systems
Retirement and Pensions - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation
State Agencies - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation
Proposed Amendments House Floor Amendment 1
House Floor Amendment 2
House Floor Amendment 3
Votes Vote History

Actions

Top | Amendments
02/19/16
  • introduced in House
02/22/16
  • to State Government (H)
02/23/16
  • posted in committee
02/25/16
  • reported favorably, 1st reading, to Calendar
02/26/16
  • 2nd reading, to Rules
02/29/16
  • posted for passage in the Regular Orders of the Day for Tuesday, March 1, 2016
  • floor amendment (1) and (2-title) filed
03/01/16
  • floor amendment (3) filed
03/14/16
  • 3rd reading, passed 94-0 with floor amendment (3)
03/15/16
  • received in Senate
03/17/16
  • to State & Local Government (S)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Piggyback? Yes
Sponsor J. Hoover
Summary Retain original provisions; amend KRS 61.661, 161.585, and 21.540 to require the disclosure, upon request, of the retirement benefit information of current and former members of the General Assembly, including their name, status, and projected or actual retirement benefit payments and benefits of the same from Kentucky Retirement Systems, Kentucky Teachers' Retirement System, Legislators' Retirement Plan, and the Judicial Retirement Plan.
Index Headings Public Officers and Employees - Retirement, agencies ceasing participation in the Kentucky Retirement Systems
Retirement and Pensions - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation
State Agencies - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation

Amendment House Floor Amendment 2
Sponsor J. Hoover
Summary Make title amendment.
Index Headings Public Officers and Employees - Retirement, agencies ceasing participation in the Kentucky Retirement Systems
Retirement and Pensions - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation
State Agencies - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation

Amendment House Floor Amendment 3
Sponsor P. Moffett
Summary Prohibit the provisions of Section 1 of this bill from being construed as a determination or opinion as to whether an employer ceasing participation in KERS or CERS is a governmental agency eligible to establish a governmental retirement plan.
Index Headings Public Officers and Employees - Retirement, agencies ceasing participation in the Kentucky Retirement Systems
Retirement and Pensions - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation
State Agencies - Kentucky Retirement Systems, retirement plans established for agencies ceasing participation

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