Last Action | 04/11/22: became law without Governor's Signature (Acts Ch. 192) |
---|---|
Title | AN ACT relating to Kentucky Employees Retirement System employers and declaring an emergency. |
Bill Documents |
Acts Chapter 192
Current/Final Introduced |
Fiscal Impact Statements |
Actuarial Analysis
Additional Fiscal Impact Statements Exist |
Bill Request Number | 1796 |
Sponsors | J. DuPlessis, J. Tipton |
Summary of Original Version | Amend KRS 61.526 to make technical change. |
Index Headings of Original Version |
Retirement and Pensions - Kentucky Public Pensions Authority, statement of facts, technical change State Agencies - Kentucky Public Pensions Authority, statement of facts, technical change State Employees - Kentucky Public Pensions Authority, statement of facts, technical change Technical Corrections - Kentucky Public Pensions Authority, statement of facts Actuarial Analysis - Kentucky Public Pensions Authority, statement of facts |
Jump to Proposed Amendments |
House Committee Substitute 1 with Fiscal Impact Statements House Committee Amendment 1 |
Votes | Vote History |
02/28/22 |
|
---|---|
03/16/22 |
|
03/17/22 |
|
03/18/22 |
|
03/21/22 |
|
03/22/22 |
|
03/23/22 |
|
03/29/22 |
|
03/30/22 |
|
04/11/22 |
|
Amendment | House Committee Substitute 1 |
---|---|
Fiscal Impact Statement | Actuarial Analysis to House Committee Substitute 1 |
Summary | Delete original provisions; amend KRS 61.5991 to exempt contracts for services through a non-core services independent contractor used by a Kentucky Employees Retirement System (KERS) quasi-governmental employer from the reporting requirements established by HB 8 during the 2021 Regular Session; delete provisions that prohibit the systems from requiring employers to pay back contributions if they find KERS quasi-governmental employers have failed to properly report employees eligible for retirement coverage; require the system to perform audits on KERS quasi-governmental employers to ensure eligible employees are being reported to and contributions are being paid to the system and provide that if any agency does not comply with the audits, then the employer shall lose eligibility for future subsidies; define "non-core services independent contractor"; amend KRS 61.565 to require KERS to provide employers with the member data provided to the actuary and the data the actuary produced as it relates to prorating liabilities to each employer under HB 8 passed during the 2021 Regular Session; amend KRS 61.661 to conform; RETROACTIVE TO JULY 1, 2021; EMERGENCY. |
Index Headings |
Retirement and Pensions - Kentucky Employees Retirement System, adjustments, 2021 RS HB 8 reporting requirements Retirement and Pensions - Kentucky Employees Retirement System, disclosure of data, 2021 RS HB 8 liability assignment State Agencies - Kentucky Public Pensions Authority, adjustments, 2021 RS HB 8 reporting requirements State Employees - Kentucky Employees Retirement System, disclosure of data, 2021 RS HB 8 liability assignment Actuarial Analysis - Kentucky Employees Retirement System, adjustments, 2021 RS HB 8 reporting requirements Retroactive Legislation - HB 668 |
Amendment | House Committee Amendment 1 |
---|---|
Sponsor | J. Miller |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 668 |
Last updated: 2/8/2023 2:57 PM (EST)