Kentucky Senate Bill 239 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 24 2020 - 100% progression
Action: 2020-04-24 - signed by Governor (Acts Ch. 121)
Text: Latest bill text (Enrolled) [PDF]

Amend KRS 90.400 and 90.410 to permit the board of trustees of a legacy city pension fund having fewer than twelve active and retired members or beneficiaries to offer those individuals a one-time irrevocable option to convert monthly pension benefits from the fund to monthly annuity benefits from an insurance company for the same amount, require the insurance company to honor any features and options available under the existing plan, and require the board to provide beneficiaries with complete and appropriate disclosures sufficient to make an informed decision; amend 95.290 to permit the board of trustees of a legacy policemen's pension fund or firefighters' pension fund in a city of the first class having fewer than twelve active and retired members or beneficiaries to offer those individuals a one-time irrevocable option to convert monthly pension benefits from the fund to monthly annuity benefits from an insurance company for the same amount, require the insurance company to honor any features and options available under the existing plan, and require the board to provide beneficiaries with complete and appropriate disclosures sufficient to make an informed decision; amend KRS 95.530, 95.622, 95.767, and 95.869, to permit the board of trustees of a local legacy policemen's and firefighters' pension fund having fewer than twelve active and retired members or beneficiaries, to offer those individuals a one-time irrevocable option to convert monthly pension benefits from the fund to monthly annuity benefits from an insurance company for the same amount, require the insurance company to honor any features and options available under the existing plan, and require the board to provide beneficiaries with complete and appropriate disclosures sufficient to make an informed decision; amend KRS 95.620 to conform.

AN ACT relating to local government pension plans.

Sen. Mike Wilson [R]

2020-04-15 - Senate - Senate: Third Reading RSN# 1458 (Y: 33 N: 0 NV: 0 Abs: 5) [PASS]
2020-04-14 - House - House: Third Reading RCS# 359 (Y: 78 N: 9 NV: 0 Abs: 13) [PASS]
2020-03-17 - Senate - Senate: Third Reading RSN# 1348 (Y: 34 N: 0 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2020-04-24	Senate	signed by Governor (Acts Ch. 121)
2020-04-15	Senate	delivered to Governor
2020-04-15	Senate	enrolled, signed by Speaker of the House
2020-04-15	Senate	enrolled, signed by President of the Senate
2020-04-15	Senate	passed 33-0
2020-04-15	Senate	Senate concurred in House Committee Substitute (1)
2020-04-15	Senate	posted for passage for concurrence in House Committee Substitute (1)
2020-04-15	Senate	to Rules (S)
2020-04-15	Senate	received in Senate
2020-04-14	House	3rd reading, passed 78-9 with Committee Substitute (1)
2020-04-14	House	placed in the Orders of the Day
2020-04-14	House	taken from Rules
2020-03-26	House	reported favorably, 2nd reading, to Rules with Committee Substitute (1)
2020-03-19	House	posted in committee
2020-03-19	House	returned to Local Government (H)
2020-03-19	House	1st reading
2020-03-19	House	taken from Local Government (H)
2020-03-19	House	to Local Government (H)
2020-03-18	House	received in House
2020-03-17	Senate	3rd reading, passed 34-0
2020-03-17	Senate	posted for passage in the Consent Orders of the Day for Tuesday, March 17, 2020
2020-03-12	Senate	2nd reading, to Rules
2020-03-11	Senate	reported favorably, 1st reading, to Consent Calendar
2020-03-04	Senate	to State & Local Government (S)
2020-03-02	Senate	introduced in Senate

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/sb239.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb239/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb239/bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/sb239/LM.pdf
Roll Call	https://apps.legislature.ky.gov/record/20RS/sb239/vote_history.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/sb239/HCS1LM.pdf