House Bill 186

Actions
Last Action 02/11/19: posted in committee
Title AN ACT relating to retirement benefit participation for members of the General Assembly.
Bill Documents Introduced
Impact Statements Actuarial Analysis
Bill Request Number 1058
Sponsor P. Pratt
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 August 1, 2019, 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 August 1, 2019, to make a one-time irrevocable election by December 31, 2019, 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 make technical and conforming changes.
Index Headings of Original Version 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 - Kentucky Retirement Systems, election to discontinue or not participate for General Assembly service

Actions

Top
02/05/19
  • introduced in House
02/06/19
  • to State Government (H)
02/11/19
  • posted in committee


Last updated: 5/10/2019 10:34 AM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.