| Last Action | 01/02/18: to State Government (H) |
|---|---|
| Title | AN ACT relating to retirement benefit participation for members of the General Assembly and declaring an emergency. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 235 |
| Sponsors | R. Mills, J. Blanton, K. Moser, P. Pratt, S. Wells |
| Summary of Original Version | Create a new section of KRS 6.145 to 6.237 to allow individuals who become members of the General Assembly on or after April 1, 2018, to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly; allow members of the General Assembly who began contributing to the Legislators' Retirement Plan or the Kentucky Employees Retirement System on or after December 31, 2014, but prior to April 1, 2018, to make a one-time irrevocable election by December 31, 2018, to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly and receive a refund of accumulated contributions; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System applies to all future service of the General Assembly; amend KRS 6.505, 61.510, and 61.525 to conform; EMERGENCY. |
| Index Headings of Original Version |
Effective Dates, Emergency - Legislators, election to discontinue or not participate in retirement General Assembly - Retirement, election to discontinue or not participate in LRP or KERS for legislative service Public Officers and Employees - Legislators, election to discontinue or not participate in LRP or KERS for service Retirement and Pensions - Kentucky Retirement Systems, election to discontinue or not participate for General Assembly service Retirement and Pensions - Legislators' Retirement Plan, election to discontinue or not participate for service Actuarial Analysis - Retirement, election to discontinue or not participate in LRP or KERS for legislative service |
| 09/28/17 |
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|---|---|
| 01/02/18 |
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Last updated: 9/1/2020 2:57 PM (EDT)
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