KY HB104 | 2020 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 9-4)
Status: Engrossed on February 26 2020 - 50% progression, died in committee
Action: 2020-02-28 - to State & Local Government (S)
Pending: Senate State & Local Government Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on February 26 2020 - 50% progression, died in committee
Action: 2020-02-28 - to State & Local Government (S)
Pending: Senate State & Local Government Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Amend KRS 61.542 to allow a retiree who experiences a qualifying event, including marriage, remarriage, the birth or adoption of a child, or the death of a designated beneficiary, to elect to change his or her beneficiary and optional payment plan provided the election is made within 120 days of the qualifying event on a form prescribed by the Kentucky Retirement Systems and provide that in the case of a divorce, annulment, or dissolution of marriage, the retiree's estate shall become the beneficiary; amend KRS 61.590, 61.615, and 61.630 to conform; amend KRS 161.630 to expand the qualifying events for which a retiree may elect to change his or her beneficiary and optional payment plan to include a birth or adoption of a child in addition to marriage, remarriage, and the death of a beneficiary, require that the election be made within 120 days of the qualifying event on a form prescribed by the Teachers' Retirement System, and make technical corrections; amend KRS 161.480 to conform.
Title
AN ACT relating to changing beneficiaries after retirement in state-administered retirement systems.
Sponsors
Roll Calls
2020-02-25 - House - House: Third Reading RCS# 146 (Y: 88 N: 0 NV: 0 Abs: 10) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-02-28 | Senate | to State & Local Government (S) |
2020-02-26 | Senate | received in Senate |
2020-02-25 | House | 3rd reading, passed 88-0 with Committee Substitute (1) and floor amendment (1) |
2020-02-20 | House | floor amendment (1) filed to Committee Substitute |
2020-02-19 | House | posted for passage in the Regular Orders of the Day for Thursday, February 20, 2020 |
2020-02-14 | House | 2nd reading, to Rules |
2020-02-13 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
2020-01-13 | House | posted in committee |
2020-01-07 | House | to State Government (H) |
2020-01-07 | House | introduced in House |
2019-11-18 | House | Prefiled by the sponsor(s). |