| 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). |
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Last updated: 1/4/2021 4:38 PM (EST)
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