House Bill 338

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to a pension surcharge on state contracts to be applied to the Kentucky Retirement Systems unfunded liability, making an appropriation therefor, and declaring an emergency.
Bill Documents Introduced
Impact Statements Actuarial Analysis
Bill Request Number 291
Sponsor J. Kay
Summary of Original Version Create a new section of KRS 61.510 to 61.705 to create a five percent 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 to be applied to the Kentucky Employees Retirement System nonhazardous pension fund; 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.
Index Headings of Original Version Contracts - Pension surcharge on state employment contracts
Retirement and Pensions - Pension surcharge on state employment contracts
State Agencies - Pension surcharge on state employment contracts
Appropriations - Pension surcharge on state employment contracts
Effective Dates, Emergency - Pension surcharge on state employment contracts
Actuarial Analysis - Pension surcharge on state employment contracts

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02/08/18
  • introduced in House
02/12/18
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:00 PM (EST)