| 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 |
| 02/18/16 |
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| 02/22/16 |
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| 02/23/16 |
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Last updated: 1/16/2019 3:08 PM (EST)