Senate Bill 342

Actions
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

Actions

Top
03/03/22
  • introduced in Senate
  • to Committee on Committees (S)
03/07/22
  • to State & Local Government (S)


Last updated: 5/25/2022 2:58 PM (EDT)
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