KY HB480 | 2011 | Regular Session

Kentucky House Bill 480 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on February 24 2011 - 50% progression, died in chamber
Action: 2011-03-04 - received in House
Text: Latest bill text (Draft #2) [MS Word]

Summary

Amend KRS 11A.010 to require that the Kentucky Teachers' Retirement System board of trustees and members of the Judicial Form Retirement System who are not subject to legislative or judicial branch code of ethics shall be subject to the executive branch code of ethics; amend KRS 21.440 to require that the audit of the Judicial Form Retirement System shall be performed by the Auditor of Public Accounts at least once every five years and require the system to pay all costs of the audit; amend KRS 21.530 to prohibit members of the Judicial Form Retirement System from serving more than three consecutive terms of office on the board and prohibit the board chairman from serving more than six consecutive years as chairman; amend KRS 21.540 to prohibit assets of the Judicial Form Retirement System from being used to pay placement agents, as defined by that section; require the Judicial Form Retirement System to make system expenditures and employee salaries available on a Web site; establish conflict-of-interest provisions applicable to trustees and employees of the Kentucky Judicial Form Retirement System; amend KRS 61.645 to apply the term limits applicable to elected trustees of the Kentucky Retirement Systems board to appointed trustees; provide that terms served prior to July 1, 2011, shall be used to determine if a trustee has exceeded the term limits prescribed in this section; prohibit the chair of the Kentucky Retirement Systems board from serving more than six consecutive years as chair; require the Kentucky Retirement Systems' audit to be completed by the Auditor of Public Accounts at least once every five years and require the systems to pay all costs of the audit; require the Kentucky Retirement Systems to make system expenditures and employee salaries available on a Web site; prohibit assets of the Kentucky Retirement Systems from being used to pay placement agents as defined by that section; amend KRS 61.655 to include employees of the Kentucky Retirement Systems; in conflict-of-interest provisions regarding their service to the systems; include additional restrictions to the conflict-of-interest provisions applicable to employees and trustees of the board; amend KRS 161.250 to provide that terms served prior to July 1, 2011, shall be used to determine if an elective trustee of the Kentucky Teachers' Retirement System has exceeded term limits established under the section; require the system to make system expenditures and employee salaries available on a Web site; amend KRS 161.340 to prohibit the chairperson of the Kentucky Teachers' Retirement System board from serving more than six consecutive years as chairperson; amend KRS 161.370 to require the Kentucky Teachers' Retirement System audit to be completed by the Auditor of Public Accounts at least once every five years and require the system to pay all costs of the audit; amend KRS 161.430 to prohibit assets of the Kentucky Teachers' Retirement System from being used to pay placement agents as defined by that section; amend KRS 161.460 to include additional restrictions to the conflict-of-interest provisions applicable to employees and trustees of the Kentucky Teachers' Retirement System; provide in noncodified sections, that trustees of the Kentucky Retirement Systems and Kentucky Teachers' Retirement System boards who are serving more than three four-year terms on the effective date of this Act shall be removed from office; trustees of the Judicial Form Retirement System who are serving more than the prescribed term limits on the effective date of this Act are allowed to complete their remaining term of office; the ban on placement agents applies to contracts established or renewed on or after July 1, 2011; that terms of office served prior to the effective date of this Act as board chair, chairman, or chairperson shall be used to determine if a current chair, chairman, or chairperson of the Kentucky Retirement Systems, Kentucky Teachers' Retirement System, or Judicial Form Retirement System board has exceeded the prescribed term limits.

Title

AN ACT relating to retirement.

History

Date	Chamber	Action
2011-03-04		received in House
2011-03-03		3rd reading, passed 23-12 with Committee Substitute
2011-03-03		posted for passage in the Regular Orders of the Day for Thursday, March 3, 2011
2011-03-03		reported favorably, to Rules with Committee Substitute
2011-03-01		returned to State & Local Government (S)
2011-03-01		2nd reading
2011-03-01		taken from State & Local Government (S)
2011-02-28		to State & Local Government (S)
2011-02-28		returned to Committee on Committees (S)
2011-02-28		1st reading
2011-02-28		taken from Committee on Committees (S)
2011-02-24		received in Senate
2011-02-23		3rd reading, passed 98-0-1 with Committee Substitute
2011-02-22		posted for passage in the Consent Orders of the Day for Wednesday, February 23, 2011
2011-02-18		2nd reading, to Rules
2011-02-17		reported favorably, 1st reading, to Consent Calendar with Committee Substitute
2011-02-16		posting waived
2011-02-15		to State Government (H)
2011-02-14		introduced in House