House Bill 525

Actions | Amendments
Last Action 03/06/19: floor amendments (5) and (6-title) filed to Committee Substitute, floor amendments (7) and (8-title) filed to bill
Title AN ACT relating to the Teachers' Retirement System board of trustees.
Bill Documents Introduced
Impact Statements Actuarial Analysis
Bill Request Number 1802
Sponsor K. Upchurch
Summary of Original Version Amend KRS 161.250 and 161.260 to provide that nominations to be placed on the ballot for the seven elected trustees of the Teachers' Retirement System board shall for elections occurring after July 1, 2019, consist of one individual submitted by each of the following organizations: the Kentucky Education Association, the Kentucky Retired Teachers Association, the Kentucky School Boards Association, the Kentucky Association of School Superintendents, the Kentucky Association of Professional Educators, the Kentucky Society of Certified Public Accountants, and the Kentucky Bankers Association; require the Kentucky Society of Certified Public Accountants nominee to be a certified public accountant and require the Kentucky Bankers Association nominee to have financial or banking experience.
Index Headings of Original Version Retirement and Pensions - Teachers' Retirement System, modify board trustee nomination process
State Agencies - Teachers' Retirement System, modify board trustee nomination process
Teachers - Teachers' Retirement System, modify board trustee nomination process
Actuarial Analysis - Teachers' Retirement System, modify board trustee nomination process
Jump to Proposed Amendments House Committee Substitute 1
House Floor Amendment 1
House Floor Amendment 2
House Floor Amendment 3
House Floor Amendment 4
House Floor Amendment 5
House Floor Amendment 6
House Floor Amendment 7
House Floor Amendment 8

Actions

Top | Amendments
02/20/19
  • introduced in House
02/21/19
  • to State Government (H)
02/26/19
  • posted in committee
02/28/19
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
03/01/19
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Monday, March 4, 2019
03/05/19
  • floor amendments (1) and (3) filed to bill; floor amendments (2) and (4) filed to Committee Substitute
03/06/19
  • floor amendments (5) and (6-title) filed to Committee Substitute, floor amendments (7) and (8-title) filed to bill

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Actuarial Analysis
Summary Amend KRS 161.250 to expand the Teachers' Retirement System (TRS) board from 11 to 13 members to include an additional elected retired teacher trustee and an additional gubernatorial appointee selected from a list of three applicants submitted by the Kentucky Society of CPAs; provide that the new appointee cannot have a conflict of interest and must be a CPA; provide that the amended board will consist of eight elected members including six educator trustees who are members of the system and two retired trustees who are annuitants of the system; amend KRS 161.260 to change the nomination process in future elections for elected educator trustee positions so that the following groups will nominate three TRS members for the six elected educator trustee positions as these elected positions become available and in the following order: (1) one educator trustee shall be elected from three nominations by the Kentucky School Boards Association; (2) one educator trustee shall be elected from three nominations by the Jefferson County Teachers’ Association; (3) one educator trustee shall be elected from three nominations by the Kentucky Association of Professional Educators; (4) one educator trustee shall be elected from three nominations by the Kentucky Association of School Administrators; (5) one educator trustee shall be elected from three nominations by the Kentucky Association of School Superintendents; and (6) one educator trustee shall be elected from three nominations by the Kentucky Education Association; shall for the two retired trustees positions the nomination process shall be: (1) for the new retired teacher trustee position, the Kentucky Retired Teachers Association shall nominate three individuals for the new retired trustee position, and KEA shall nominate three individuals for the current trustee position in future elections; provide that TRS shall perform an election on or before November 1, 2019, for the new retired teacher trustee; amend KRS 161.300 to adjust the required statutory quorum and number required for board action; provide that any elected trustee currently serving on the TRS board on July 1, 2019, shall be eligible to finish his or her term of office.
Index Headings Retirement and Pensions - Teachers' Retirement System, modify board trustee composition & nomination process
State Agencies - Teachers' Retirement System, modify board trustee composition & nomination process
Teachers - Teachers' Retirement System, modify board trustee composition & nomination process
Actuarial Analysis - Teachers' Retirement System, modify board trustee composition & nomination process

Amendment House Floor Amendment 1
Sponsor K. Upchurch
Summary Amend KRS 161.250 to expand the Teachers' Retirement System (TRS) board from 11 to 13 members to include an additional elected educator trustee and an additional elected retired trustee; provide that the amended board will consist of nine elected members including seven educator trustees who are members of the system and two retired trustees who are annuitants of the system; amend KRS 161.260 to change the nomination process in future elections for elected educator trustee positions so that the following groups will nominate three TRS members for the seven elected educator trustee positions as these elected positions become available and in the following order: (1) one educator trustee shall be an at-large member nominated by the TRS board from applications submitted by individual members; provide that TRS shall perform an election on or before November 1, 2019, for the new at-large educator trustee; (2) one educator trustee elected from three nominations submitted jointly by the Kentucky School Boards Association/Kentucky Association of School Administrators; (3) one educator trustee shall be elected from three nominations by the Jefferson County Teachers’ Association; (4) one educator trustee shall be elected from three nominations by the Kentucky Association of Professional Educators; (5) one educator trustee shall be elected from three nominations by the Kentucky Education Association; (6) one educator trustee shall be elected from three nominations by the Kentucky Association of School Superintendents; and (7) one educator trustee shall be elected from three nominations by the Kentucky Education Association; For the two retired trustees positions the nomination process shall be: (1) for the new retired teacher trustee position, the Kentucky Retired Teachers Association shall nominate three individuals for the new retired trustee position, and KEA shall nominate three individuals for the current retired trustee position in future elections; provide that TRS shall perform an election on or before November 1, 2019, for the new retired teacher trustee; amend KRS 161.300 to adjust the required statutory quorum and number required for board action; provide that any elected trustee currently serving on the TRS board on July 1, 2019, shall be eligible to finish his or her term of office.
Index Headings Retirement and Pensions - Teachers' Retirement System, modify board trustee composition & nomination process
State Agencies - Teachers' Retirement System, modify board trustee composition & nomination process
Teachers - Teachers' Retirement System, modify board trustee composition & nomination process

Amendment House Floor Amendment 2
Sponsor K. Upchurch
Summary Amend KRS 161.250 to expand the Teachers' Retirement System (TRS) board from 11 to 13 members to include an additional elected educator trustee and an additional elected retired trustee; provide that the amended board will consist of nine elected members including seven educator trustees who are members of the system and two retired trustees who are annuitants of the system; amend KRS 161.260 to change the nomination process in future elections for elected educator trustee positions so that the following groups will nominate three TRS members for the seven elected educator trustee positions as these elected positions become available and in the following order: (1) one educator trustee shall be an at-large member nominated by the TRS board from applications submitted by individual members; provide that TRS shall perform an election on or before November 1, 2019, for the new at-large educator trustee; (2) one educator trustee elected from three nominations submitted jointly by the Kentucky School Boards Association/Kentucky Association of School Administrators; (3) one educator trustee shall be elected from three nominations by the Jefferson County Teachers’ Association; (4) one educator trustee shall be elected from three nominations by the Kentucky Association of Professional Educators; (5) one educator trustee shall be elected from three nominations by the Kentucky Education Association; (6) one educator trustee shall be elected from three nominations by the Kentucky Association of School Superintendents; and (7) one educator trustee shall be elected from three nominations by the Kentucky Education Association; For the two retired trustees positions the nomination process shall be: (1) for the new retired teacher trustee position, the Kentucky Retired Teachers Association shall nominate three individuals for the new retired trustee position, and KEA shall nominate three individuals for the current retired trustee position in future elections; provide that TRS shall perform an election on or before November 1, 2019, for the new retired teacher trustee.
Index Headings Retirement and Pensions - Teachers' Retirement System, modify board trustee composition & nomination process
State Agencies - Teachers' Retirement System, modify board trustee composition & nomination process
Teachers - Teachers' Retirement System, modify board trustee composition & nomination process

Amendment House Floor Amendment 3
Sponsor K. Upchurch
Summary Delete original provisions; require the Public Pension Oversight Board to study the Teachers' Retirement System's board composition, nomination and election process for elected trustees, and statutory qualifications for board trustees and how this system's board compares against other state-administered retirement systems in Kentucky and nationally as it relates to board composition, nomination and election process for elected trustees, and statutory qualifications for board trustees; require the Public Pension Oversight Board to report findings and recommendations in their 2019 annual report as required by KRS 7A.250.
Index Headings Public Officers and Employees - Teachers' Retirement System, study on board composition, elections, and requirements
Retirement and Pensions - Teachers' Retirement System, study on board composition, elections, and requirements
Studies Directed - Public Pension Oversight Board, study on TRS board composition, elections, and requirements
Studies Directed - Teachers' Retirement System, study on board composition, elections, and requirements

Amendment House Floor Amendment 4
Sponsor K. Upchurch
Summary Delete original provisions; require the Public Pension Oversight Board to study the Teachers' Retirement System's board composition, nomination and election process for elected trustees, and statutory qualifications for board trustees and how this system's board compares against other state-administered retirement systems in Kentucky and nationally as it relates to board composition, nomination and election process for elected trustees, and statutory qualifications for board trustees; require the Public Pension Oversight Board to report findings and recommendations in their 2019 annual report as required by KRS 7A.250.
Index Headings Public Officers and Employees - Teachers' Retirement System, study on board composition, elections, and requirements
Retirement and Pensions - Teachers' Retirement System, study on board composition, elections, and requirements
Studies Directed - Teachers' Retirement System, study on board composition, elections, and requirements
Studies Directed - Public Pension Oversight Board, study on TRS board composition, elections, and requirements

Amendment House Floor Amendment 5
Sponsor M. Marzian
Summary Amend KRS 118.125 and 118.367 to require candidates for Governor to file their federal income tax returns for the last three years with the Registry of Election Finance.
Index Headings Elections and Voting - Governor, candidates for, federal tax returns, filing with Registry of Election Finance
Governor - Candidate, federal tax returns, filing with Registry of Election Finance
State Agencies - Registry of Election Finance, candidate for Governor, federal tax filing required
Administrative Regulations and Proceedings - Registry of Election Finance, candidate for Governor, consent to disclose tax information, form for

Amendment House Floor Amendment 6
Sponsor M. Marzian
Summary Make title amendment.
Index Headings Title Amendments - HB 525

Amendment House Floor Amendment 7
Sponsor M. Marzian
Summary Amend KRS 118.125 and 118.367 to require candidates for Governor to file their federal income tax returns for the last three years with the Registry of Election Finance.
Index Headings Elections and Voting - Governor, candidates for, federal tax returns, filing with Registry of Election Finance
Governor - Candidate, federal tax returns, filing with Registry of Election Finance
State Agencies - Registry of Election Finance, candidate for Governor, federal tax filing required
Administrative Regulations and Proceedings - Registry of Election Finance, candidate for Governor, consent to disclose tax information, form for

Amendment House Floor Amendment 8
Sponsor M. Marzian
Summary Make title amendment.
Index Headings Title Amendments - HB 525

Last updated: 3/25/2019 5:21 PM (EDT)
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