| Last Action | 03/07/22: to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to recontribution of a refund in the retirement systems. |
| Bill Documents | Introduced |
| Fiscal Impact Statements |
Actuarial Analysis
Local Mandate |
| Bill Request Number | 1084 |
| Sponsor | J. Carpenter |
| Summary of Original Version | Amend KRS 61.552 to provide that recontributions of a refund to the Kentucky Employees Retirement System, County Employees Retirement System, and the State Police Retirement System, made on or before January 1, 2023, shall be used to determine a member's participation date in the systems; make retroactive back to January 1, 2014, and provide that recontributions of a refund made on or after January 1, 2014 and prior to the effective date of this Act, shall be used to determine a member's participation date in the system unless the member instructs the systems by January 1, 2023, to not use the service to determine their participation date in the systems; RETROACTIVE. |
| Index Headings of Original Version |
Public Officers and Employees - Retirement, allow recontribution of refund to determine participation date for purposes of benefits Retirement and Pensions - Kentucky Public Pensions Authority, recontribution of refund to determine participation date State Agencies - Kentucky Public Pensions Authority, recontribution of refund to determine participation date Retroactive Legislation - Kentucky Public Pensions Authority, recontribution of refund to determine participation date Actuarial Analysis - Retirement, allow recontribution of refund to determine participation date for purposes of benefits Local Mandate - Retirement, allow recontribution of refund to determine participation date for purposes of benefits |
| 03/03/22 |
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| 03/07/22 |
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Last updated: 2/8/2023 2:57 PM (EST)