| Last Action | 02/03/20: to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to the Kentucky Retirement Systems. |
| Bill Documents |
Current/Final
Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 1051 |
| Sponsor | J. Miller |
| Summary of Original Version | Housekeeping legislation for the Kentucky Retirement Systems; amend KRS 16.578 and 61.640 to apply the alternate death calculation to and reinstate the life annuity, 60 months certain, actuarial refund, and Social Security adjustment retirement options as written prior to 2009 legislation; amend KRS 61.598 to establish a minimum salary increase of 10% plus $1,000 over the prior year's salary in order for employee anti-pension spiking measures to apply; amend KRS 61.645 to remove requirement that Kentucky Retirement Systems' board election ballots be returned to a Kentucky post office box, rather than out-of-state vendor, remove requirement that ballot counting vendor be an actuarial firm, and make other conforming changes; amend KRS 61.510, 61.637, and 78.510 to change period under which reemployment of retiree would void status as a volunteer from 24 months to 12 months consistent with other retired reemployed categories; amend KRS 61.540 to remove requirement that failure to file statement of facts by member and employer will result in no benefits paid in order to conform language to other provisions in chapter; amend KRS 61.565 to use as maximum the rate for employers participating in the County Employees Retirement System, a factor of 1.12 over the prior fiscal year's contribution rate instead of language referencing projected dollars. |
| Index Headings of Original Version |
Public Officers and Employees - Kentucky Retirement Systems, housekeeping legislation for Retirement and Pensions - Kentucky Retirement Systems, housekeeping legislation for State Agencies - Kentucky Retirement Systems, housekeeping legislation for Counties - County Employees Retirement System, Kentucky Retirement Systems, housekeeping legislation for Actuarial Analysis - Kentucky Retirement Systems, housekeeping legislation for |
| Votes | Vote History |
| 01/08/20 |
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|---|---|
| 01/10/20 |
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| 01/21/20 |
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| 01/23/20 |
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| 01/24/20 |
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| 01/27/20 |
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| 01/29/20 |
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| 01/30/20 |
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| 02/03/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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