House Bill 402

Actions
Last Action 02/28/20: to State & Local Government (S)
Title AN ACT relating to the Teachers' Retirement System and declaring an emergency.
Bill Documents Current
Introduced
Fiscal Impact Statement Actuarial Analysis
Bill Request Number 1290
Sponsor J. Miller
Summary of Original Version Amend KRS 161.605 to provide that breaks in service are required before returning to work for the employer even if in a position not covered by the Teachers’ Retirement System (TRS); begin running of breaks in service from date of retirement; prohibit prearranged agreements between a retiring member and employer for member to return to work after retirement and require certification thereof; require retired members returning to work for state-supported universities and community colleges to comply with the separation-from-service requirements; amend KRS 161.612 to reduce the $500 minimum monthly disability benefit by benefit payments from all state-administered retirement systems for part-time employees and substitute teachers participating in the TRS who apply for disability benefits on or after July 1, 2020, and provide that part-time employees and substitute teachers are not eligible to apply for a disability retirement allowance if they are eligible for an unreduced retirement benefit; amend KRS 161.661 to provide that members who begin participating on or after July 1, 2020, shall not be eligible for a disability benefit if they are eligible for any unreduced benefit and that they shall have their $500 minimum monthly disability benefit reduced by benefit payments from all state-administered retirement systems; make conforming and technical changes; EMERGENCY.
Index Headings of Original Version Effective Dates, Emergency - Teachers' Retirement System, disability retirement for
Retirement and Pensions - Teachers' Retirement System, disability retirement for
Retirement and Pensions - Teachers' Retirement System, post-retirement return-to-work requirements for
Teachers - Retirement System, disability retirement for
Teachers - Retirement System, post-retirement return-to-work requirements for
Actuarial Analysis - Teachers' Retirement System, disability retirement for
Votes Vote History

Actions

Top
02/07/20
  • introduced in House
02/10/20
  • to State Government (H)
02/11/20
  • posted in committee
02/13/20
  • reported favorably, 1st reading, to Calendar
02/14/20
  • 2nd reading, to Rules
02/19/20
  • posted for passage in the Regular Orders of the Day for Thursday, February 20, 2020
02/25/20
  • 3rd reading, passed 87-0
02/26/20
  • received in Senate
02/28/20
  • to State & Local Government (S)


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