Retirement And Pensions
Kentucky 2023 Regular Session
AN ACT relating to a leave of absence for service to the General Assembly. [HB-505]
[Pensions ]
[Retirement ]
[Education ]
Amend KRS 161.545 to provide that administrative regulations adopted by the Teachers' Retirement System board shall not limit the amount of approved leave of absence service a member may purchase for service to the General Assembly.
Sponsored by: Rep. Tina Bojanowski
Introduced In House on 02/22/2023
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Gettr Kentucky 2023 Regular Session
AN ACT relating to fiscal matters, making an appropriation therefor, and declaring an emergency. [HB-553]
[Budget and Spending ]
[Education ]
[Funding ]
[Pensions ]
[Retirement ]
Amend the 2022-2024 Executive Branch biennial budget to remove excess General Fund support for the actuarial cost of sick leave benefits for new retirees under the Teachers' Retirement System; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. Jason Petrie
Signed By Governor (acts Ch. 175) on 04/05/2023
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Kentucky 2023 Regular Session
AN ACT relating to wagering and making an appropriation therefor. [HB-551]
[Gaming ]
[Taxes ]
[Pensions ]
[Budget and Spending ]
[Law Enforcement ]
[Public Safety ]
[Sports ]
[Criminal Justice ]
[Crime ]
Create a new section of KRS Chapter 230 to establish the wagering administration fund from sports wagering taxes and fees; direct use of that fund toward related administrative expenses of the Public Protection Cabinet; deposit all remaining funds in the Kentucky permanent pension fund; create new sections of KRS Chapter 230 to require the racing commission to institute a system of sports wagering at tracks; limit the types of events upon which wagers may be placed; establish sports wagering licensure requirements; prohibit participants from wagering
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Sponsored by: Rep. Derrick Graham
Signed By Governor (acts Ch. 147) on 03/31/2023
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Kentucky 2023 Regular Session
AN ACT relating to state dealings with companies that engage in politically sensitive company boycotts. [HB-533]
[Finance ]
[Investments ]
[Religion ]
[Firearms/Gun Control ]
[Agriculture ]
[Energy ]
[Consumer Protection ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
Amend KRS 41.472 to add definitions for "agricultural commodities associated company," "firearms goods or services associated company," "petrochemical commodities associated company," "politically sensitive company boycott," and "social media information company"; amend KRS 41.474 to require the Treasurer to maintain and publish lists of all financial companies that engage in any politically sensitive company boycotts; require state governmental entity divestment in financial companies that engage in politically sensitive company boycotts; amend
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Sponsored by: Rep. Emily Callaway
Introduced In House on 02/22/2023
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Kentucky 2023 Regular Session
AN ACT relating to reemployment after retirement and declaring an emergency. [HB-520]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
Provide that any retiree of the Kentucky Employees Retirement System (KERS), County Employees Retirement System (CERS), or State Police Retirement System (SPRS), who returned to work with a KERS, CERS, or SPRS employer on or after March 6, 2020, but prior to January 1, 2023, shall only be required to observe a one month break in employment; provide that the one month break shall be retroactive to March 6, 2020, and that any KERS, CERS, or SPRS retiree whose retirement was voided but who observed the one month break during this time period shall
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Sponsored by: Rep. Shawn McPherson
To Appropriations & Revenue (h) on 02/23/2023
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Kentucky 2023 Regular Session
AN ACT relating to consumer protection of financial interests. [HB-563]
[Consumer Protection ]
[Finance ]
[Pensions ]
[Retirement ]
Create a new section of KRS Chapter 371 to provide that a person is not liable on loans secured by a deed of trust or mortgage unless certain requirements are met; provide that a deed or trust or mortgage is not enforceable against a spouse unless certain requirements are met; amend KRS 65.154 to require state-administered retirement systems and pension plans of local governments obtain spousal acknowledgement on beneficiary forms and forms where an employee selects a payment option that may include a joint and survivor annuity; amend KRS 21.540,
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Sponsored by: Rep. Derrick Graham
Introduced In House on 02/22/2023
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Kentucky 2023 Regular Session
AN ACT relating to retirement funds of urban-county governments. [SB-206]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Amend KRS 67A.430 to increase the minimum monthly annuity from the Police and Fire Retirement Fund of urban-county governments to $1,500 per month effective July 1, 2023, except for those individuals receiving a non-occupational disability; make technical changes.
Sponsored by: Sen. Amanda Mays Bledsoe
Signed By Governor (acts Ch. 178) on 04/06/2023
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Kentucky 2023 Regular Session
AN ACT relating to service credit for the Teachers' Retirement System and declaring an emergency. [HB-418]
[Education ]
[Pensions ]
[Retirement ]
Amend KRS 161.500 to allow members of the Teachers' Retirement System to make up unpaid days; require a maximum of ten makeup days to count for service credit; EMERGENCY.
Sponsored by: Rep. James Tipton
Introduced In House on 02/21/2023
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Kentucky 2023 Regular Session
A CONCURRENT RESOLUTION directing the Legislative Research Commission to examine issues affecting school district employment. [HCR-65]
[Education ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
Direct the Legislative Research Commission to conduct a study project relating to public school teachers and the teaching environment, including changing district population size and compensation; designate the Office of Education Accountability to conduct the project establish guidelines for the project; authorize the Office of Education Accountability to seek data necessary to conduct the study from relevant organizations and agencies; require a written report to be submitted by December 1, 2023, to the Interim Joint Committee on Education and
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Sponsored by: Rep. Bobby McCool
To Education (h) on 03/02/2023
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Kentucky 2023 Regular Session
AN ACT relating to the fiduciary duties owed to the state-administered retirement systems. [SB-166]
[Retirement ]
[Pensions ]
[Investments ]
[Finance ]
Amend KRS 21.450, 61.650, 78.790, and 161.430 to expand scope of persons owing a fiduciary duty to the respective state-administered retirement systems, provide that fiduciaries consider solely the interest of the members and beneficiaries of the retirement systems using only pecuniary factors and prohibit the consideration of or actions on nonpecuniary interests, including environmental, social, political, and ideological interests, and prohibit any contract or agreement from voiding such fiduciary duties; amend KRS 21.450, 61.650, and 78.790 to
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Sponsored by: Sen. Robert Mills
To State & Local Government (s) on 02/21/2023
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Kentucky 2023 Regular Session
AN ACT relating to membership dates in the state-administered retirement systems. [HB-328]
[Retirement ]
[Law Enforcement ]
[Pensions ]
Amend KRS 78.510 to provide that the participation date in the County Employees Retirement System (CERS) for those individuals who entered the Kentucky Department of Criminal Justice Training's Police Corps program prior to July 1, 2003, through an agreement with a CERS employer, and who subsequently began participating in CERS as a sworn officer upon completion of the program, shall be the date training began in the Police Corps program.
Sponsored by: Rep. DJ Johnson
To State & Local Government (s) on 03/13/2023
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Kentucky 2023 Regular Session
A JOINT RESOLUTION directing the establishment of the Public Pension Administration Advisory Committee of the Public Pension Oversight Board. [SJR-83]
[Pensions ]
[Retirement ]
Direct the establishment of the Public Pensions Administration Advisory Committee of the Public Pensions Oversight Board (PPOB) to evaluate options for coordinating, aggregating, or consolidating actuarial, investment, or general administrative services among the state-administered retirement systems and examining additional legislative or administrative action that may be necessary to clearly define the roles of the Kentucky Retirement Systems board of trustees, County Employees Retirement System (CERS) board of trustees, and the shared administrative
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Sponsored by: Sen. Jimmy Higdon
2nd Reading, To Rules on 03/02/2023
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Kentucky 2023 Regular Session
AN ACT relating to sick leave reporting for the Teachers' Retirement System. [SB-128]
[Education ]
[Retirement ]
[Labor, Jobs, Employment ]
[Pensions ]
Amend KRS 161.155 to require each school district to annually report sick leave balances to the Teachers' Retirement System, beginning with the fiscal year ending June 30, 2023; specify contents of the report; amend KRS 161.400 to require TRS to report in the annual actuarial valuation the total liabilities and costs of the sick leave program created by KRS 161.155; amend KRS 161.643 to conform.
Sponsored by: Sen. Jimmy Higdon
Taken From Committee On Committees (h) on 03/13/2023
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Kentucky 2023 Regular Session
AN ACT relating to the fiduciary duties owed to the state-administered retirement systems. [HB-236]
[Retirement ]
[Pensions ]
[Budget and Spending ]
[Finance ]
[Environmental ]
[Social Security ]
Amend KRS 21.450, 61.650, 78.790, and 161.430 to provide that fiduciaries shall consider the sole interest of the members and beneficiaries of the retirement systems using only pecuniary factors and prohibit the consideration of or actions on nonpecuniary interests including environmental, social, political, and ideological interests.
Sponsored by: Rep. Daniel Elliott
Signed By Governor (acts Ch. 94) on 03/24/2023
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Kentucky 2023 Regular Session
AN ACT relating to the reemployment of retired urban-county government police officers and declaring an emergency. [SB-89]
[Labor, Jobs, Employment ]
[Law Enforcement ]
[Pensions ]
[Retirement ]
[Public Safety ]
Create a new section of KRS Chapter 67A to authorize urban-county governments to reemploy police officers who have retired from the urban-county government Police and Fire Fund provided the retiree participated in the Law Enforcement Foundation Program, was a service retiree, had separated from employment for at least 30 days with no prearranged agreement to return to work for the urban-county government, and had no administrative charges pending at retirement; provide that retired police officers reemployed under this section shall be hired for
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Sponsored by: Sen. Donald Douglas
Signed By Governor (acts Ch. 102) on 03/24/2023
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Kentucky 2023 Regular Session
AN ACT relating to the taxation of retirement distributions. [HB-194]
[Retirement ]
[Taxes ]
[Senior Citizens ]
Amend KRS 141.019, relating to the individual income tax, to increase the retirement distribution exclusion from $31,110 to $41,110 for taxable years beginning on or after January 1, 2024.
Sponsored by: Rep. George Brown
To Appropriations & Revenue (h) on 02/23/2023
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Kentucky 2023 Regular Session
AN ACT relating to wagering and making an appropriation therefor. [SB-73]
[Gaming ]
[Finance ]
[Taxes ]
[Consumer Protection ]
[Technology and Innovation ]
[Budget and Spending ]
[Law Enforcement ]
[Public Safety ]
[Criminal Justice ]
[Crime ]
Establish KRS Chapter 239 and create new sections to define terms related to online poker and fantasy contests; establish requirements for registration as a fantasy contest operator; require the Public Protection Cabinet to promulgate administrative regulations for the operation of fantasy contests; establish the wagering administration fund and direct the uses of that fund; require an annual audit of fantasy contest registrants; establish requirements for fantasy contest procedures; require any person offering online poker to have a license from
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Sponsored by: Sen. David Yates
To Licensing & Occupations (s) on 02/09/2023
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Kentucky 2023 Regular Session
AN ACT relating to the Teachers' Retirement System and declaring an emergency. [HB-126]
[Education ]
[Pensions ]
[Retirement ]
Amend various sections of KRS Chapter 161 to remove provisions of HB 258 enacted during the 2021 Regular Session that created and adjusted benefits for individuals who become members of the Teachers' Retirement System on or after January 1, 2022; provide that these members shall be eligible for the benefits applicable to members who entered the system immediately prior to January 1, 2022; EMERGENCY.
Sponsored by: Rep. George Brown
Introduced In House on 01/05/2023
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Kentucky 2023 Regular Session
AN ACT relating to wagering and making an appropriation therefor. [HB-106]
[Gaming ]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Consumer Protection ]
[Law Enforcement ]
[Public Safety ]
[Technology and Innovation ]
[Cybersecurity ]
[Crime ]
Establish KRS Chapter 239 and create new sections to define “adjusted gross revenue,” “beginner,” “cabinet," “confidential information,” “entry fee,” “fantasy contest,” “fantasy contest operator," “fantasy contest participant," “highly experienced player,” “immediate family,” “location percentage,” “net poker revenue,” “online poker,” “person,” “principal stockholder,” “rake,” “registered fantasy contest operator,” “script,” “secretary,” and “wager”; establish requirements for registration as a fantasy contest operator; require the Public Protection
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Sponsored by: Rep. Derrick Graham
To Appropriations & Revenue (h) on 02/23/2023
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Kentucky 2023 Regular Session
AN ACT relating to retirement plans covering legislators. [HB-114]
[Retirement ]
[Pensions ]
Create a new section of KRS Chapter 6.500 to 6.577 to close the Legislators' Retirement Plan (LRP) to new members effective July 1, 2023, and to provide that new legislators 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 members who entered the plan on or after January 1, 2014,
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Sponsored by: Rep. James Tipton
To State Government (h) on 02/21/2023