Kentucky Senate Bill 165 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 14 2013 - 25% progression, died in committee
Action: 2013-02-19 - to State & Local Government (S)
Pending: Senate State & Local Government Committee
Text: Latest bill text (Draft #1) [MS Word]

Create a new section of KRS 61.510 to 61.705 to allow employees of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System to make a one-time irrevocable election to discontinue participation in the systems for all current and future employment with any employer participating in the systems and to provide members who elect to discontinue participation with a refund of their accumulated contributions; amend KRS 6.505 and 21.360 to allow judges and legislators in the Legislators' Retirement Plan and the Judicial Retirement Plan to make a one-time irrevocable election to discontinue participation in the plans for all future service as a judge or legislator and to provide members who elect to discontinue participation with a refund of their accumulated contributions; amend KRS 161.470 to allow employees of the Kentucky Teachers' Retirement System to make a one-time irrevocable election to discontinue participation in the system for all current and future employment with any employer participating in the system and to provide members who elect to discontinue participation with a refund of their accumulated contributions; amend KRS 16.520, 16.645, 61.520, 61.525, 78.540, and 78.545 to conform.

AN ACT relating to retirement.

Sen. Christian McDaniel [R]

Date	Chamber	Action
2013-02-19	Senate	to State & Local Government (S)
2013-02-14	Senate	introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/13RS/SB165.htm
Text	http://www.lrc.ky.gov/record/13RS/SB165/bill.doc
Supplement	http://www.lrc.ky.gov/record/13RS/SB165/LM.doc