KY HB457 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 20 2019 - 25% progression, died in committee
Action: 2019-02-21 - to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 20 2019 - 25% progression, died in committee
Action: 2019-02-21 - to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS 6.145 to 6.237 to allow individuals who become members of the General Assembly on or after April 1, 2019, to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly; allow members of the General Assembly who began contributing to the Legislators' Retirement Plan or the Kentucky Employees Retirement System prior to April 1, 2019, to make a one-time irrevocable election by December 31, 2019, to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly and receive a refund of accumulated contributions; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System applies to all future service of the General Assembly; amend KRS 6.505, 61.510, and 61.525 to conform; EMERGENCY.
Title
AN ACT relating to retirement benefit participation for members of the General Assembly and declaring an emergency.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-21 | House | to State Government (H) |
2019-02-20 | House | introduced in House |
Subjects
Actuarial Analysis
Effective Dates, Emergency
General Assembly
Public Officers and Employees
Retirement and Pensions
Effective Dates, Emergency
General Assembly
Public Officers and Employees
Retirement and Pensions
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/19RS/hb457.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/19RS/hb457/orig_bill.pdf |