House Bill 266

Actions
Last Action 01/10/22: to Committee on Committees (H)
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 1074
Sponsors D. Frazier Gordon, J. Bray, J. Blanton, B. McCool
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 Actuarial Analysis - Kentucky Public Pensions Authority, recontribution of refund to determine participation date
Local Mandate - Kentucky Public Pensions Authority, recontribution of refund to determine participation date
Public Officers and Employees - Retirement, 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

Actions

Top
01/10/22
  • introduced in House
  • to Committee on Committees (H)


Last updated: 5/25/2022 2:58 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.