KY HB76 | 2022 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 165)
Text: Latest bill text (Chaptered) [PDF]

Summary

Amend KRS 21.440, 61.670, 78.784, and 161.400 to require the Legislators' Retirement Plan, the Judicial Retirement Plan, the Kentucky Retirement Systems, the County Employees Retirement System, and the Teachers' Retirement System to perform an actuarial investigation of economic assumptions once every two years rather than once every five years while retaining a review of demographic assumptions once every five years; amend KRS 78.784 to require the County Employees Retirement System to provide a projection/analysis over a 30-year period rather than a 20-year period regarding projections in the annual actuarial valuation and as it relates to experience studies, assumption changes, and other changes made by the boards of each system; require the first actuarial investigation of economic assumptions to occur prior to 2023 actuarial valuations.

Tracking Information

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Title

AN ACT relating to retirement.

Sponsors


Roll Calls

2022-03-30 - House - House: Third Reading RCS# 503 (Y: 92 N: 1 NV: 0 Abs: 7) [PASS]
2022-03-30 - House - House: Consider Motion RCS# 447 (Y: 83 N: 0 NV: 0 Abs: 17) [PASS]
2022-03-25 - Senate - Senate: Third Reading RSN# 2218 (Y: 34 N: 0 NV: 0 Abs: 4) [PASS]
2022-01-19 - House - House: Third Reading RCS# 32 (Y: 97 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2022-04-08Housesigned by Governor (Acts Ch. 165)
2022-03-30Housedelivered to Governor
2022-03-30Houseenrolled, signed by President of the Senate
2022-03-30Houseenrolled, signed by Speaker of the House
2022-03-30Housepassed 92-1
2022-03-30HouseHouse concurred in Senate Committee Substitute (1) and committee amendment (1-title)
2022-03-29Houseposted for passage for concurrence in Senate Committee Substitute (1) and Committee Amendment (1-title)
2022-03-25Houseto Rules (H)
2022-03-25Housereceived in House
2022-03-25Senate3rd reading, passed 34-0 with Committee Substitute (1) and Committee Amendment (1-title)
2022-03-24Senatepassed over and retained in the Consent Orders of the Day
2022-03-23Senatepassed over and retained in the Consent Orders of the Day
2022-03-21Senateposted for passage in the Consent Orders of the Day for Wednesday, March 23, 2022
2022-03-17Senate2nd reading, to Rules as a consent bill
2022-03-16Senatereported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) and Committee Amendment (1-title)
2022-01-21Senateto State & Local Government (S)
2022-01-19Senateto Committee on Committees (S)
2022-01-19Senatereceived in Senate
2022-01-19House3rd reading, passed 97-0
2022-01-18Houseposted for passage in the Regular Orders of the Day for Wednesday, January 19, 2022
2022-01-18House2nd reading, to Rules
2022-01-13Housereported favorably, 1st reading, to Calendar
2022-01-12Houseto State Government (H)
2022-01-04Houseto Committee on Committees (H)
2022-01-04Houseintroduced in House
2021-10-20HousePrefiled by the sponsor(s).

Subjects


Kentucky State Sources


Bill Comments

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