KY SB39 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-05 - to Committee on Committees (S)
Pending: Senate Committee on Committees Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amend KRS 61.680 to provide that retirees of the Teachers' Retirement System (TRS) who suspend their retirement benefits in order to return to covered employment and build upon their existing TRS account as provided by current law, may utilize omitted service (service that should have been reported for prior full-time work) in the Kentucky Retirement Systems (KRS) that was purchased during the period of reemployment for purposes of determining eligibility and the amount of benefits upon subsequent retirement from both KRS and TRS; make the provision retroactive to retirements on or after December 31, 2009.

Tracking Information

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Title

AN ACT relating to reciprocity among the state-administered retirement systems.

Sponsors


History

DateChamberAction
2021-01-05Senateto Committee on Committees (S)
2021-01-05Senateintroduced in Senate
2020-11-19SenatePrefiled by the sponsor(s).

Subjects


Kentucky State Sources


Bill Comments 750

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