House Bill 167

Actions | Amendments
Last Action floor amendment (1) filed
Title AN ACT relating to the Kentucky Retirement Systems.
Bill Documents Current/Final
Introduced
Impact Statements Actuarial Analysis
Bill Request Number 826
Sponsor J. Miller
Summary of Original Version Amend KRS 16.642 to clarify that the board of trustees shall have the power to invest State Police Retirement System (SPRS) funds in the same fashion as Kentucky Employees Retirement System (KERS) funds under KRS 61.650; amend KRS 61.645 to allow the Kentucky Retirement Systems board to promulgate an administrative regulation to conduct trustee elections by electronic ballot; amend KRS 78.790 to clarify that the board of trustees shall have the power to invest County Employees Retirement System (CERS) funds in the same fashion as KERS funds under KRS 61.650; state that amendments to KRS 16.642 and 78.790 are made to conform to amendments made to KRS 61.650 in 2002 to show intent to apply KRS 61.650 changes to SPRS and CERS.
Index Headings of Original Version Police, State - Retirement and pensions, investment of funds
Retirement and Pensions - County Employees Retirement System, investment of funds
Retirement and Pensions - Kentucky Retirement Systems, board elections, electronic ballots
State Agencies - Kentucky Retirement Systems, board elections, electronic ballots
State Employees - Retirement and pensions, investment of funds
Proposed Amendments House Committee Substitute 1
Senate Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
01/07/17
  • introduced in House
02/07/17
  • to State Government (H)
03/01/17
  • posted in committee
03/02/17
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/03/17
  • 2nd reading, to Rules
03/06/17
  • posted for passage in the Regular Orders of the Day for Monday, March 6, 2017
  • 3rd reading, passed 91-0 with Committee Substitute
  • received in Senate
03/07/17
  • to State & Local Government (S)
03/08/17
  • floor amendment (1) filed

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Actuarial Analysis
Summary Retain the provisions of the bill with the following changes: delete sections amending KRS 16.642 and 78.790 to conform provisions with KRS 61.650; delete noncodified language regarding legislative intent in passage of KRS 61.650 as applied to State Police Retirement System (SPRS) and County Employees Retirement System (CERS).
Index Headings Police, State - Retirement and pensions, investment of funds
Retirement and Pensions - County Employees Retirement System, investment of funds
Retirement and Pensions - Kentucky Retirement Systems, board elections, electronic ballots
State Agencies - Kentucky Retirement Systems, board elections, electronic ballots
State Employees - Retirement and pensions, investment of funds

Amendment Senate Floor Amendment 1
Sponsor W. Westerfield
Summary Amend KRS 61.637 to allow a mayor or member of a city legislative body who does not have service credit in the County Employees Retirement System (CERS) for his or her service to the city, but who is otherwise eligible to retire from any system administered by Kentucky Retirement Systems due to other employment, to retire and draw benefits from the systems without resigning from his or her position as mayor or member of the city legislative body; amend KRS 78.540 to provide that a mayor or member of a city legislative body who is required to participate in CERS due to other covered employment, or because of failure to make an election to not participate as provided by this section, may elect to not participate in CERS for service as mayor or as a member of the city legislative body.
Index Headings Police, State - Retirement and pensions, investment of funds
Retirement and Pensions - County Employees Retirement System, investment of funds
Retirement and Pensions - Kentucky Retirement Systems, board elections, electronic ballots
State Agencies - Kentucky Retirement Systems, board elections, electronic ballots
State Employees - Retirement and pensions, investment of funds

Last updated: 1/16/2019 3:02 PM (EST)