Kentucky House Bill 545 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 26 2010 - 100% progression
Action: 2010-04-26 - signed by Governor (Acts ch. 164)
Text: Latest bill text (Draft #1) [MS Word]

Create a new section of KRS 161.220 to 161.716 to establish a medical insurance trust fund under Section 115 of the Internal Revenue Code to supplement the current Section 401(h) medical insurance trust fund; amend KRS 161.155 to clarify when paid sick leave is used for retirement calculation purposes; amend KRS 161.220 to clarify that retirement system membership is determined by the job classification, not by an individual position; amend KRS 161.340 to specifically reference commodities as those goods and services for which the board may contract; amend KRS 161.480 to provide that in the event of marriage, the member's spouse, not the estate by default, will be the beneficiary for receipt of any refund of the member's account in the event of the member's death; provide that marriage will terminate the designation of a trust as beneficiary; amend KRS 161.540 to replace reference to university faculty with reference to university employees who participate in the system; amend KRS 161.553 to update the funding schedule; amend KRS 161.585 to provide exception for the system to release information in response to a lawfully issued subpoena or order issued by a court of law; amend KRS 161.605 to replace the current floor daily wage threshold which is equivalent to the base contract salary for a beginning teacher on the salary schedule with a base of $170 per day; delete the provision that allows the Kentucky Department of Education to employ retirees under the critical shortage program to provide technical assistance to schools and districts required under federal law; amend KRS 161.620 to clarify that the 3% factor is available to individuals who became members on or after July 1, 2008 only under the conditions as it is available to those individuals who became members before July 1, 2008; amend KRS 161.630 to eliminate the description "option" from the reference to "life annuity with refundable balance option"; amend KRS 161.655 to provide that marriage will terminate the designation of a trust as beneficiary; EMERGENCY.

AN ACT relating to the Kentucky teachers' retirement system and declaring an emergency.

Rep. Carl Rollins [D]

Date	Chamber	Action
2010-04-26		signed by Governor (Acts ch. 164)
2010-04-15		delivered to Governor
2010-04-15		enrolled, signed by each presiding officer
2010-04-14		received in House
2010-04-14		passed 38-0
2010-04-14		Committee Substitute withdrawn
2010-04-14		3rd reading
2010-04-14		posted for passage in the Consent Orders of the Day for Wednesday, April 14, 2010
2010-03-24		reported favorably, to Rules as a Consent bill with Committee Substitute
2010-03-23		returned to State & Local Government (S)
2010-03-23		2nd reading
2010-03-23		taken from committee
2010-03-19		returned to State & Local Government (S)
2010-03-19		1st reading
2010-03-19		taken from committee
2010-03-15		to State & Local Government (S)
2010-03-12		received in Senate
2010-03-11		3rd reading, passed 97-0
2010-03-05		posted for passage in the Regular Orders of the Day for Monday, March 8, 2010
2010-03-05		2nd reading, to Rules
2010-03-04		reported favorably, 1st reading, to Calendar
2010-03-02		posting waived
2010-03-02		to Education (H)
2010-02-26		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/10RS/HB545.htm
Text	http://www.lrc.ky.gov/record/10RS/HB545/bill.doc