Bill Request 14

Title AN ACT relating to the Kentucky Retirement Systems.
Bill Documents Original
Sponsors J. Miller
Summary of Original Version Amend KRS 16.578 and 61.640 to apply the alternate death benefit calculation options as written prior to 2009 legislation for deaths occurring prior to retirement; amend KRS 61.540 to remove requirement that the employer and member must file a statement of facts before benefit payments can commence; amend KRS 61.598 to provide that the ten percent cap on creditable compensation growth during a member's last five years of employment shall not apply to situations where the growth in excess of ten percent during the entire five-year period results in a benefit change of less than $25 per month; provide that the implementation date of the amendments to 2017 Ky. Acts ch. 32, sec. 9(28) by the Kentucky Retirement Systems shall be December 1, 2019; provide that the amendments to KRS 16.578 and 61.640 are retroactive to JUNE 25, 2009.
Index Headings Public Officers and Employees - Kentucky Retirement Systems, housekeeping legislation
Retirement and Pensions - Kentucky Retirement Systems, housekeeping legislation
State Agencies - Kentucky Retirement Systems, housekeeping legislation


11/13/20 Prefiled by the sponsor(s).

Last updated: 1/4/2021 4:38 PM (EST)
To receive notice when the record is updated follow @LRCTweetBot.