Retirement And Pensions
Kentucky 2021 Regular Session
AN ACT relating to dually employed retirement system members. [HB-52]
[Retirement ]
[Labor, Jobs, Employment ]
[Pensions ]
Amend KRS 61.545 to provide that if a member is working in a regular full-time hazardous duty position that participates in the Kentucky Employees Retirement System or the County Employees Retirement System and is simultaneously employed in a nonhazardous position that is not considered regular full-time with a different participating employer, the member shall participate solely as a hazardous duty member and shall not participate under the nonhazardous position unless he or she makes an election within 30 days of taking employment in the nonhazardous
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Sponsored by: Rep. James A. Tipton
Introduced In House on 01/05/2021
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Gettr Kentucky 2021 Regular Session
AN ACT relating to retirement. [HB-121]
[Retirement ]
[Pensions ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
Create a new section of KRS Chapter 21.345 to 21.580 to close the Legislators' Retirement Plan (LRP) and Judicial Retirement Plan (JRP) to new members effective July 1, 2021, and to provide that new legislators and judges shall participate in the Kentucky Employees Retirement System (KERS) for the duration of their legislative service; clarify that legislators who are also teachers contributing to the Teachers' Retirement System (TRS) may continue to participate in TRS while serving as a member of the General Assembly; provide that LRP and JRP members
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Sponsored by: Rep. James A. Tipton
Introduced In House on 01/05/2021
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Kentucky 2021 Regular Session
AN ACT relating to post-retirement beneficiary changes. [HB-115]
[Retirement ]
[Senior Citizens ]
[Social Security ]
[Pensions ]
Amend KRS 61.542 to allow a retiree to elect to change his or her beneficiary at any time, if the retiree has selected upon retirement a basic monthly annuity payment as defined in the subsection, a period certain payment option under KRS 61.635(5) to (7), or the Social Security adjustment option without survivorship rights under KRS 61.635(8)(a); require a retiree to file a beneficiary change form prescribed by the Kentucky Retirement Systems with the retirement office; provide that a retiree may change his or her actual monthly payment option
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Sponsored by: Rep. Charles Wheatley
Introduced In House on 01/05/2021
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Kentucky 2021 Regular Session
AN ACT relating to the Teachers' Retirement System. [HB-113]
[Pensions ]
[Retirement ]
[Education ]
[Labor, Jobs, Employment ]
[Insurance ]
Create a new section of KRS 161.220 to 161.716 to permit the Teachers' Retirement System (TRS) to use and accept electronic signatures as deemed appropriate; amend KRS 161.220 to add anti-salary spiking measures to the definition of “final average salary" and provide noncodified language detailing that change shall not increase benefits or increase liability to the system; amend KRS 161.290 to require all public employers to grant paid leave to teacher trustees serving on the TRS board; amend KRS 161.310 to specify the types of remuneration included
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Sponsored by: Rep. Jerry T. Miller
Signed By Governor (acts Ch. 192) on 04/06/2021
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Kentucky 2021 Regular Session
AN ACT relating to employment of part-time adjunct instructors for the Kentucky Fire Commission. [SB-53]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Law Enforcement ]
[Public Safety ]
Amend KRS 61.637 to allow a part-time adjunct instructor for the Kentucky Fire Commission, who has not participated in the Kentucky Employees Retirement Systems prior to retirement, but is eligible to retire from the County Employees Retirement System, to retire and draw benefits without being required to resign from his or her position as part-time adjunct instructor for the Kentucky Fire Commission.
Sponsored by: Sen. Phillip Wheeler
Floor Amendments (1) And (2-title) Filed on 03/29/2021
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Kentucky 2019 Special Session
AN ACT relating to employer contribution rates for the Kentucky Employees Retirement System for fiscal year 2019-2020, making an appropriation therefor, and declaring an emergency. [HB-3]
[Budget and Spending ]
[Healthcare ]
[Pensions ]
[Mental Health ]
[Funding ]
[Human Services ]
[Retirement ]
Freeze the employer contribution rate of 49.47 percent for the fiscal year beginning on July 1, 2019, for pension and health insurance for nonhazardous duty employees participating in the Kentucky Employees Retirement System who are employed by mental health/mental retardation boards, local and district health departments, domestic violence shelters, rape crisis centers, child advocacy centers, state-supported universities and community colleges, and any other agency eligible to voluntarily cease participating in the Kentucky Employees Retirement
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Sponsored by: Rep. Derrick W. Graham
Introduced In House on 07/19/2019
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Kentucky 2019 Special Session
AN ACT relating to retirement costs for Kentucky Retirement Systems employers, making an appropriation therefor, and declaring an emergency. [HB-2]
[Budget and Spending ]
[Healthcare ]
[Mental Health ]
[Pensions ]
[Retirement ]
Amend KRS 61.510 to define for the Kentucky Employees Retirement System (KERS) "quasi-governmental employer" and "governmental employer"; define quasi-governmental employers as Mental Health/Mental Retardation Boards, Local and District Health Departments, domestic violence shelters, rape crisis centers, child advocacy centers, state supported universities and community colleges participating in KERS, and any other agency eligible to voluntarily cease participation in KERS pursuant to KRS 61.522; define governmental employer as any other KERS employer
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Sponsored by: Rep. Derrick W. Graham
Introduced In House on 07/19/2019
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Kentucky 2019 Special Session
AN ACT relating to the Kentucky Employees Retirement System and declaring an emergency. [HB-1]
[Pensions ]
[Budget and Spending ]
[Insurance ]
[Healthcare ]
[Mental Health ]
[Finance ]
[Labor, Jobs, Employment ]
[Retirement ]
Amend KRS 61.522 to provide a one-time window where quasi-governmental agencies may voluntarily cease participation in the Kentucky Employees Retirement System (KERS) effective June 30, 2020, for nonhazardous employees by paying the actuarial costs of ceasing participation by lump-sum or installments; provide that an eligible KERS employer may request an estimate of the cost of ceasing participation in the system; provide that a ceasing quasi-governmental employer may elect to allow current employees who entered KERS prior to 1/1/2014 (Tier I and
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Sponsored by: Rep. James A. Tipton
Signed By Governor (acts Ch. 1) on 07/24/2019
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Kentucky 2019 Regular Session
A RESOLUTION confirming the reappointment of David Lee Harris to the Board of Trustees of the Kentucky Retirement Systems. [SR-207]
[Pensions ]
[Retirement ]
Confirm the reappointment of David Lee Harris to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2022.
Sponsored by: Sen. Ralph Alvarado
To Senate Floor on 03/28/2019
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Kentucky 2019 Regular Session
A RESOLUTION confirming the reappointment of John Edward Chilton to the Board of Trustees of the Kentucky Retirement Systems. [SR-206]
[Retirement ]
[Pensions ]
Confirm the reappointment of John Edward Chilton to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2022.
Sponsored by: Sen. Ralph Alvarado
To Senate Floor on 03/28/2019
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Kentucky 2019 Regular Session
AN ACT relating to public pensions. [SB-257]
[Pensions ]
Amend KRS 61.450 to make technical correction.
Sponsored by: Sen. Damon Thayer
Taken From State & Local Government (s) on 02/25/2019
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Kentucky 2019 Regular Session
AN ACT relating to the Commission on Fire Protection Personnel Standards and Education. [SB-235]
[Labor, Jobs, Employment ]
[Public Safety ]
[Workers' Compensation ]
[Housing ]
[Budget and Spending ]
Create a new section of KRS Chapter 95A to transfer certain employees of the Kentucky Community and Technical College System who are engaged in providing instructional and support services to the Commission on Fire Protection Personnel Standards and Education to state employee status within the Department of Housing, Buildings and Construction; require that all employees retain salaries and leave balances; require the employees to participate in KERS nonhazardous; Create a new section of KRS Chapter 95A to grant the commissioner of the Department
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Sponsored by: Sen. Jared K. Carpenter
To Veterans, Military Affairs, & Public Protection (s) on 02/19/2019
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Kentucky 2019 Regular Session
AN ACT relating to the Teachers' Retirement System. [SB-228]
[Education ]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Insurance ]
Create a new section of KRS 161.220 to 161.716 to permit the Teachers' Retirement System (TRS) to use and accept electronic signatures as deemed appropriate; amend KRS 161.220 to emphasize that annual compensation does not include benefit or salary adjustments that are not available to all members of an agency; amend KRS 161.290 to require all public employers to grant paid leave to teacher trustees serving on the TRS board; amend KRS 161.310 to specify the types of remuneration included in retirement incentives; amend KRS 161.340 to add insurance
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Sponsored by: Sen. Jimmy Higdon
Taken From State & Local Government (s) on 02/25/2019
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Kentucky 2019 Regular Session
AN ACT relating to the disclosure of public retirement information. [SB-168]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
Amend KRS 21.540, 61.661, and 161.585 to require the Judicial Form Retirement System, the Kentucky Retirement Systems, and the Teachers' Retirement System to disclose upon request the names, status, projected or actual benefit payments, and other retirement information of any member, inactive member, or retiree of a retirement system or plan; EFFECTIVE January 1, 2020.
Sponsored by: Sen. Tom Buford
Taken From State & Local Government (s) on 02/25/2019
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Kentucky 2019 Regular Session
AN ACT relating to the Teachers' Retirement System and declaring an emergency. [SB-169]
[Education ]
[Pensions ]
[Retirement ]
[Budget and Spending ]
[Finance ]
Amend KRS 161.430 to require investment managers and consultants of the Teachers' Retirement Systems to adhere to the federal Investment Advisers Act of 1940, as amended, and any other federal securities statutes as applicable; make conforming and clean-up changes to the section; EMERGENCY.
Sponsored by: Sen. Jimmy Higdon
Taken From State & Local Government (s) on 02/25/2019
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Kentucky 2019 Regular Session
AN ACT relating to schools. [SB-162]
[Education ]
[Law Enforcement ]
[Public Safety ]
[Children and Youth ]
Amend KRS 158.441 to define "Kentucky State Police school resource officer," "school activities," and "school property"; create a new section of Chapter 158 specify to the requirements of employment of a KSPSRO by a school district; amend KRS 61.637 to exempt an employer from paying contributions on a retiree employed as a school security officer.
Sponsored by: Sen. Danny Carroll
Signed By Governor (ky Acts Ch. 197) on 04/09/2019
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Kentucky 2019 Regular Session
AN ACT relating to the retirement benefits of city elected officials and declaring an emergency. [SB-158]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
Amend KRS 61.637 to allow a mayor or member of a city legislative body who does not have service credit in the County Employees Retirement System (CERS) for his or her service to the city to retire and draw benefits from CERS for other covered employment without resigning from his or her position as mayor or member of a city legislative body; make technical amendments to conform to recent court decision; amend KRS 78.540 to provide that a mayor or member of a city legislative body who has been required to participate in CERS due to other covered
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Sponsored by: Sen. Whitney H. Westerfield
To State & Local Government (s) on 02/11/2019
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Kentucky 2019 Regular Session
AN ACT proposing an amendment to Section 226 of the Constitution of Kentucky relating to gaming. [SB-105]
[Gaming ]
[Pensions ]
[Retirement ]
[Taxes ]
Propose to amend Section 226 of the Constitution of Kentucky to authorize the General Assembly to define, permit, oversee, and regulate all forms of otherwise permissible gaming; provide for the oversight and control of gaming by an administrative body funded by license fees and taxes levied on gaming; prior to July 2040, require 100% of gaming proceeds, in excess of the amount used to pay for an oversight administrative body of gaming, to go to the retirement systems; provide ballot language; submit to voters for ratification or rejection.
Sponsored by: Sen. Julie Adams
To State & Local Government (s) on 02/08/2019
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Kentucky 2019 Regular Session
AN ACT relating to automatic enrollment in the Kentucky Public Employees Deferred Compensation Authority plans. [SB-107]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
Amend KRS 18A.250 to provide that employees of the executive, legislative, or judicial branches of Kentucky state government hired on or after July 1, 2019, shall be automatically enrolled in the 401(k) voluntary retirement plan with a monthly employee contribution of $30 per month; provide that the employee shall continue to contribute to the plan unless or until the employee makes an election to change the contribution; provide that the Kentucky Public Employees Deferred Compensation Authority board shall have the authority to select default investment
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Sponsored by: Sen. Jimmy Higdon
Signed By Governor (ky Acts Ch. 048) on 03/22/2019
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Kentucky 2019 Regular Session
AN ACT relating to agency cessation of participation in the Kentucky Retirement Systems and declaring an emergency. [SB-10]
[Pensions ]
[Retirement ]
[Budget and Spending ]
[Healthcare ]
[Labor, Jobs, Employment ]
Amend KRS 61.522 to allow universities, community colleges, and health departments to cease participating in the Kentucky Employees Retirement System provided the agency pays the cost of ceasing participation as provided by statute; provide a window where quasi-state agencies who are eligible to cease participating in the Kentucky Employees Retirement System or non-stock non-profit agencies eligible to cease participating in the County Employees Retirement System (CERS) may by December 31, 2019, cease participating by paying the actuarial costs
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Sponsored by: Sen. Christian McDaniel
Taken From State & Local Government (s) on 02/25/2019