Kentucky House Bill 2 (Prior Session Legislation)

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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]

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.

AN ACT relating to retirement.

Rep. Jerry Miller [R]

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

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