KY HB558 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 2 2020 - 25% progression, died in committee
Action: 2020-03-04 - to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amend KRS 61.595 and 61.559 to provide that vested Tier I and Tier II employees of an employer who, has ceased participation in the Kentucky Employees Retirement System (KERS) who based upon the employer's choice are no longer eligible to participate in KERS and are required to participate in an alternative retirement plan following the agency's cessation date, can use service credit earned in an alternative retirement to plan determine eligibility for retirement benefits from KERS, but not the amount of benefits, and for purposes of reducing early retirement penalties in the system.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

AN ACT relating to employees of agencies who cease participation in the Kentucky Retirement Systems.

Sponsors


History

DateChamberAction
2020-03-04Houseto State Government (H)
2020-03-02Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

feedback