| Last Action | 03/18/20: returned to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to actuarial analysis on retirement bills. |
| Bill Documents |
Current/Final
Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 1052 |
| Sponsors | J. Miller, J. DuPlessis, G. Brown Jr, T. Burch, K. Flood, D. Lewis, C. Miller, R. Rand, S. Sheldon, J. Sims Jr, J. Tipton, S. Westrom |
| Summary of Original Version | Amend KRS 6.350 to establish additional requirements for the completion of the actuarial analysis required for bills pertaining to state-administered retirement systems; specify additional requirements to be projecting costs/savings over a 30 year period rather than 20 years, completing the analysis in a format established by the Legislative Research Commission, and requiring the front page of the analysis to include summary information. |
| Index Headings of Original Version |
General Assembly - Retirement bills, additional requirements for actuarial analysis, establishing Legislative Research Commission - Retirement bills, additional requirements for actuarial analysis, establishing Retirement and Pensions - Actuarial analysis, additional requirements for retirement bills, establishing Actuarial Analysis - Retirement bills, additional requirements for actuarial analysis, establishing |
| Jump to Proposed Amendments | House Floor Amendment 1 |
| Votes | Vote History |
| 01/07/20 |
|
|---|---|
| 01/09/20 |
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| 01/13/20 |
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| 01/16/20 |
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| 01/17/20 |
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| 01/23/20 |
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| 01/27/20 |
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| 01/28/20 |
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| 01/29/20 |
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| 01/31/20 |
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| 03/17/20 |
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| 03/18/20 |
|
| Amendment | House Floor Amendment 1 |
|---|---|
| Sponsor | D. Osborne |
| Summary | Retain original provisions; provide that when the General Assembly is not in session and a pension bill has been pre-filed, the Legislative Research Commission (LRC) shall not transmit the request for an actuarial analysis unless authorized by the House Speaker or President of the Senate; provide that when the General Assembly is in session and a pension bill is filed, the retirement systems or its actuary shall not begin completion of an actuarial analysis on the bill until the LRC director or his or her designee notifies the system that the bill has been posted in committee or will be on a Senate committee agenda. |
| Index Headings |
General Assembly - Retirement bills, additional requirements for actuarial analysis, establishing Legislative Research Commission - Retirement bills, additional requirements for actuarial analysis, establishing Retirement and Pensions - Actuarial analysis, additional requirements for retirement bills, establishing |
Last updated: 10/27/2020 12:10 PM (EDT)
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