| Last Action | to Appropriations & Revenue (S) |
|---|---|
| Title | AN ACT relating to erroneous payments to the Kentucky Retirement Systems. |
| Bill Documents | Introduced |
| Impact Statements |
Actuarial Analysis
Fiscal Note |
| Bill Request Number | 881 |
| Sponsor | J. Turner |
| Summary of Original Version | Amend KRS 16.543, 61.543, and 78.615 to provide that, if the Kentucky Retirement Systems determines that employee contributions were made in error more than five years following the date the contributions were first made, the systems shall pay the member interest on any refunded contributions at the actuarially assumed rate of return; amend KRS 61.685 to conform. |
| Index Headings of Original Version |
Fiscal Note - Kentucky Retirement Systems, include interest at acturarial rate on refunded erroneous contributions Public Officers and Employees - Retirement, refund of erroneous KRS contributions to include interest at actuarial rate Retirement and Pensions - Kentucky Retirement Systems, include interest at actuarial rate on refunded erroneous contributions State Agencies - Kentucky Retirement Systems, include interest at actuarial rate on refunded erroneous contributions Actuarial Analysis - Kentucky Retirement Systems, include interest at actuarial rate on refunded erroneous contributions |
| 01/16/18 |
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| 01/17/18 |
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Last updated: 1/16/2019 3:00 PM (EST)