Senate Bill 172

Actions
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

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02/13/20
  • introduced in Senate
02/18/20
  • to State & Local Government (S)


Last updated: 4/29/2020 12:16 PM (EDT)
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