Kentucky House Bill 351 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 21 2017 - 100% progression
Action: 2017-03-21 - signed by Governor (Acts, ch. 104)
Text: Latest bill text (Draft #2) [PDF]

Amend KRS 61.522 to remove installments as a payment option for agencies required to pay the actuarial costs for ceasing participation in the Kentucky Retirement Systems; clarify conditions in which an employee seeking to transfer funds to the ceasing employer's alternative retirement program is not included in the employer actuarial cost calculation; specify that the systems shall develop separate assumptions for determining the employer's cost to cease participation; specify the formula for determining the assumed rate of return in the cost calculation; provide noncodified language to state the provisions shall apply retroactively to any matter pending before the Kentucky Retirement Systems board; EMERGENCY.

AN ACT relating to Kentucky Retirement Systems agency participation and declaring an emergency.

Rep. Jerry Miller [R]

Date	Chamber	Action
2017-03-21	House	signed by Governor (Acts, ch. 104)
2017-03-15	House	delivered to Governor
2017-03-15	House	enrolled, signed by President of the Senate
2017-03-15	House	enrolled, signed by Speaker of the House
2017-03-15	House	received in House
2017-03-15	Senate	3rd reading, passed 37-0-1
2017-03-15	Senate	posted for passage in the Consent Orders of the Day for Wednesday, March 15, 2017
2017-03-15	Senate	reported favorably, to Rules as a consent bill
2017-03-14	Senate	returned to State & Local Government (S)
2017-03-14	Senate	2nd reading
2017-03-14	Senate	taken from State & Local Government (S)
2017-03-08	Senate	returned to State & Local Government (S)
2017-03-08	Senate	1st reading
2017-03-08	Senate	taken from State & Local Government (S)
2017-03-07	Senate	to State & Local Government (S)
2017-03-06	Senate	received in Senate
2017-03-03	House	3rd reading, passed 64-18 with Committee Substitute and floor amendment (1)
2017-03-01	House	posted for passage in the Regular Orders of the Day for Thursday, March 2, 2017
2017-02-27	House	floor amendment (1) filed to Committee Substitute
2017-02-24	House	2nd reading, to Rules
2017-02-23	House	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
2017-02-22	House	posted in committee
2017-02-21	House	posted in committee
2017-02-15	House	to State Government (H)
2017-02-14	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB351.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/bill.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/HCS1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/HFA1.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB351/FN.pdf
Supplement	http://www.lrc.ky.gov/record/17RS/HB351/vote_history.pdf