Senate Bill 39

Actions
Last Action 01/05/21: to Committee on Committees (S)
Title AN ACT relating to reciprocity among the state-administered retirement systems.
Bill Documents Introduced
Fiscal Impact Statement Actuarial Analysis
Bill Request Number 460
Sponsor D. Parrett
Summary of Original Version Amend KRS 61.680 to provide that retirees of the Teachers' Retirement System (TRS) who suspend their retirement benefits in order to return to covered employment and build upon their existing TRS account as provided by current law, may utilize omitted service (service that should have been reported for prior full-time work) in the Kentucky Retirement Systems (KRS) that was purchased during the period of reemployment for purposes of determining eligibility and the amount of benefits upon subsequent retirement from both KRS and TRS; make the provision retroactive to retirements on or after December 31, 2009.
Index Headings of Original Version Retirement and Pensions - Kentucky Retirement Systems, omitted service purchased after retirement and impact on benefits
State Agencies - Kentucky Retirement Systems, omitted service purchased after retirement and impact on benefits
Teachers - Kentucky Retirement Systems, omitted service purchased after retirement and impact on benefits
Retroactive Legislation - Kentucky Retirement Systems, omitted service purchased after retirement and impact on benefits
Actuarial Analysis - Kentucky Retirement Systems, omitted service purchased after retirement and impact on benefits

Actions

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11/19/20
  • Prefiled by the sponsor(s).
01/05/21
  • introduced in Senate
  • to Committee on Committees (S)


Last updated: 5/18/2021 11:08 AM (EDT)
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