| 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 |
| 01/07/17 |
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|---|---|
| 02/07/17 |
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| 03/01/17 |
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| 03/02/17 |
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| 03/03/17 |
|
| 03/06/17 |
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| 03/07/17 |
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| 03/08/17 |
|
| 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)