Last Action | 03/11/25: to Rules (H) |
---|---|
Title | AN ACT relating to reemployment after retirement in the Teachers' Retirement System. |
Bill Documents |
Current
Introduced |
Fiscal Impact Statements |
Actuarial Analysis
Additional Fiscal Impact Statements Exist |
Bill Request Number | 357 |
Sponsors | J. Tipton, B. Chester-Burton, D. Grossberg |
Summary of Original Version | Amend KRS 161.605, relating to the Teachers' Retirement System, to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for teaching and nonteaching positions, increase the percentage of retired members that an employer can employ full-time from three percent to 10 percent, increase the number of retired members that a local school district may employ under the critical shortage provision from one percent of total active members employed by the school district or two members to 10 percent or four members, remove Kentucky Virtual High School the list of schools the Department of Education operates, remove the pension waiver program, and make technical changes; amend KRS 156.106 to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for critical shortage areas; direct that current participants in the pension waiver program may continue to participate. |
Index Headings of Original Version |
Education, Elementary and Secondary - Local school district, critical shortage, rehire requirement Retirement and Pensions - Teachers' Retirement System, critical shortage, rehire requirement Teachers - Teachers' Retirement System, critical shortage, rehire requirement Actuarial Analysis - Teachers' Retirement System, critical shortage, rehire requirement |
Jump to Proposed Amendments | Senate Committee Substitute 1 with Fiscal Impact Statements |
Votes | Vote History |
02/12/25 |
|
---|---|
02/14/25 |
|
02/20/25 |
|
02/21/25 |
|
02/25/25 |
|
02/26/25 |
|
02/28/25 |
|
03/05/25 |
|
03/06/25 |
|
03/07/25 |
|
03/11/25 |
|
Amendment | Senate Committee Substitute 1 |
---|---|
Fiscal Impact Statement | Actuarial Analysis to Senate Committee Substitute 1 |
Summary | Retain original provisions; amend KRS 161.605 to require the system to continue to provide health coverage and benefits to TRS retirees reemployed by an employer who does not participate in a state-administered retirement system except as required by the Medicare Secondary Payer Act. |
Index Headings |
Retirement and Pensions - Teachers' Retirement System, allow retirees employed in private sector to retain TRS health coverage Teachers - Teachers' Retirement System, allow retirees employed in private sector to retain TRS health coverage Actuarial Analysis - Teachers' Retirement System, allow retirees employed in private sector to retain TRS health coverage |
Last updated: 3/11/2025 9:25 PM (EDT)