House Bill 2

Last Action posting waived
Title AN ACT relating to retirement.
Bill Documents Introduced
Impact Statements Actuarial Analysis
Local Mandate
Bill Request Number 8
Sponsor J. Miller
Summary of Original Version Amend KRS 161.620 to provide that the 3.0% benefit factor for years of service in excess of 30 in the Teachers' Retirement System shall only apply to years of service earned prior to July 1, 2024; create a new section of KRS 78.510 to 78.852 to provide that CERS employer contribution rates shall not increase by more than 12% per year over the prior fiscal year from July 1, 2018, to June 30, 2028; provide that CERS rate increase limit is retroactive to July 1, 2018; include severability clause; provide that KRS 6.350 and 6.955 shall not apply to this Act.
Index Headings of Original Version Actuarial Analysis - Retirement, CERS employer rate phase-in
Local Mandate - Retirement, CERS employer rate phase-in
Local Government - CERS, phase-in through 2028
Public Officers and Employees - Retirement, CERS employer rate phase-in
Retirement and Pensions - CERS, phase-in through 2028
Retirement and Pensions - Teachers' Retirement System, limit on 3.0% benefit factor


  • introduced in House
  • to State Government (H)
  • taken from State Government (H)
  • 1st reading
  • returned to State Government (H)
  • posting waived

Last updated: 1/16/2019 2:58 PM (EST)