| Last Action | to State Government (H) |
|---|---|
| Title | AN ACT relating to retirement benefits for legislators. |
| Bill Documents |
Bill
|
| Impact Statements | Actuarial Analysis |
| Bill Request Number | 1819 |
| Sponsor | R. Benvenuti III |
| Summary of Original Version | Create a new section of KRS 61.510 to 61.705 to prohibit future members of the General Assembly from participating in the Kentucky Employees Retirement System unless they participated in the Kentucky Employees Retirement System or the Legislators' Retirement Plan as members of the General Assembly prior to August 1, 2016; allow current members of the General Assembly participating in the Kentucky Employees Retirement System to make a one-time election to discontinue participation and to take a refund of accumulated contributions; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2016; allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation and take a refund of accumulated contributions; amend KRS 61.510 to conform. |
| Index Headings of Original Version |
General Assembly - Retirement, discontinue coverage for new members and allow opt-out for current members Public Officers and Employees - Retirement, discontinue benefits for new legislators and allow opt-out for current legislators Retirement and Pensions - KERS, discontinue benefits for new legislators and allow opt-out for current legislators Retirement and Pensions - Legislators' Retirement Plan, close plan to new entrants and allow opt-out for current members Actuarial Analysis - Legislators' Retirement Plan, close plan to new entrants and allow opt-out for current members |
| 02/26/16 |
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|---|---|
| 02/29/16 |
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Last updated: 1/16/2019 3:08 PM (EST)