KY HB2 | 2018 | 1st Special Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 17 2018 - 25% progression, died in chamber
Action: 2018-12-17 - posting waived
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on December 17 2018 - 25% progression, died in chamber
Action: 2018-12-17 - posting waived
Text: Latest bill text (Draft #1) [PDF]
Summary
Amend KRS 161.620 to provide that the 3.0% benefit factor for years of service in excess of 30 in the Teachers' Retirement System shall only apply to years of service earned prior to July 1, 2024; create a new section of KRS 78.510 to 78.852 to provide that CERS employer contribution rates shall not increase by more than 12% per year over the prior fiscal year from July 1, 2018, to June 30, 2028; provide that CERS rate increase limit is retroactive to July 1, 2018; include severability clause; provide that KRS 6.350 and 6.955 shall not apply to this Act.
Title
AN ACT relating to retirement.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-12-17 | House | posting waived |
2018-12-17 | House | returned to State Government (H) |
2018-12-17 | House | 1st reading |
2018-12-17 | House | taken from State Government (H) |
2018-12-17 | House | to State Government (H) |
2018-12-17 | House | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/18SS/HB2.htm |
Text | http://www.lrc.ky.gov/recorddocuments/bill/18SS/HB2/bill.pdf |
Supplement | http://www.lrc.ky.gov/recorddocuments/note/18SS/HB2/LM.pdf |