24RS HB 661

Actions

Last Action	03/13/24: to Committee on Committees (S)
Title	AN ACT relating to pension spiking in the Kentucky Public Pensions Authority.
Bill Documents	Current/Final Introduced
Fiscal Impact Statements	Actuarial Analysis Local Mandate
Bill Request Number	1052
Sponsors	J. Blanton, D. Graham
Summary of Original Version	Amend KRS 61.598 to exempt from the pension spiking provisions any increases in rates of pay authorized or funded by the legislative or administrative body of an employer or mandated in a collective bargaining agreement approved by the legislative body of the employer that are provided to members of the Kentucky Employees Retirement System, the County Employees Retirement System, or the State Police Retirement System.
Index Headings of Original Version	Actuarial Analysis - Retirement, legislatively authorized or funded raises from pension spiking provisions, exemption Local Mandate - Retirement, legislatively authorized or funded raises from pension spiking provisions, exemption Retirement and Pensions - Kentucky Public Pensions Authority, raises from pension spiking provisions, exemption State Agencies - Kentucky Public Pensions Authority, raises from pension spiking provisions, exemption State Employees - Retirement, legislatively authorized or funded raises from pension spiking provisions, exemption
Votes	Vote History

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02/22/24	introduced in House to Committee on Committees (H)
03/06/24	to State Government (H)
03/07/24	reported favorably, 1st reading, to Calendar
03/08/24	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Monday, March 11, 2024
03/12/24	3rd reading, passed 95-0
03/13/24	received in Senate to Committee on Committees (S)