| Last Action | 02/18/20: to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to reciprocity between the Kentucky Retirement Systems and the Teachers' Retirement System. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 948 |
| Sponsors | D. Parrett, R. Thomas |
| Summary of Original Version | Amend KRS 61.680 to require the Kentucky Retirement Systems to apply reciprocity for a person retiring for a second time after waiving retirement benefits to return to a full-time position covered by the Teachers' Retirement System; allow the member to use omitted service credit for determining eligibility and the amount of benefits upon subsequent retirement; make the provision retroactive to retirements on or after December 31, 2009; require the Kentucky Retirement Systems and the Teachers' Retirement System to recalculate the retired person's benefits as if the service obtained had been purchased prior to retirement. |
| Index Headings of Original Version |
Retirement and Pensions - Kentucky Retirement Systems, omitted service to determine consolidated benefits in State Agencies - Kentucky Retirement Systems, omitted service to determine consolidated benefits in State Employees - Kentucky Retirement Systems, omitted service to determine consolidated benefits in Teachers - Kentucky Retirement Systems, omitted service to determine consolidated benefits in Retroactive Legislation - Kentucky Retirement Systems, omitted service to determine consolidated benefits in Actuarial Analysis - Kentucky Retirement Systems, omitted service to determine consolidated benefits in |
| 02/13/20 |
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|---|---|
| 02/18/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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