| Last Action | to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to retirement benefit participation for members of the General Assembly. |
| Bill Documents | Introduced |
| Impact Statements | Actuarial Analysis |
| Bill Request Number | 204 |
| Sponsors | R. Girdler, S. Meredith, C. Embry Jr. |
| Summary of Original Version | Create a new section of KRS 6.145 to 6.237 to allow an individual who becomes a member of the General Assembly on or after the effective date of the Act to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly; allow an individual who has not yet met the requirements for vesting to make a one-time irrevocable election within 60 days of the effective date of this Act to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly and receive a refund of his or her accumulated account balance; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System shall apply to all future service of the General Assembly; amend KRS 6.505, 61.510, 61.525, 61.535, and 61.625 to conform. |
| Index Headings of Original Version |
General Assembly - Retirement, election to discontinue or not participate in LRP or KERS for service to GA Public Officers and Employees - Legislators, election to discontinue or not participate in LRP or KERS for service to GA Retirement and Pensions - Kentucky Retirement Systems, election to discontinue or not participate for service to GA Retirement and Pensions - Legislators' Retirement Plan, election to discontinue or not participate for service to GA Actuarial Analysis - Legislators, election to discontinue or not participate in LRP or KERS for service to GA |
| 09/28/17 |
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| 01/02/18 |
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| 01/03/18 |
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Last updated: 1/16/2019 3:00 PM (EST)