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HB329

10RS

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HB 329/LM/AA (BR 889) - J. Glenn

     AN ACT relating to retirement.
     Amend KRS 61.542 to provide that members of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System cannot change their beneficiary designation for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the State Treasurer issues the first payment; make technical amendments; amend KRS 61.590 to provide that a member or beneficiary of a member of the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System cannot change their payment option for their retirement allowance on or after the first day of the month in which the member receives his or her first payment rather than on or after the date the State Treasurer issues the first payment; amend KRS 16.578, 61.630, and 61.640 to conform and to make technical amendments; amend KRS 16.642, 61.650, and 78.790 to provide that the Kentucky Retirement Systems investment committee shall have authority to implement the investment policies adopted by the board rather than providing the committee with the authority to implement investment policies; authorize the change in registration of securities to be completed in accordance with written policies adopted by the Kentucky Retirement System's board rather than upon the signature of the board chair and executive director.

HB 329 - AMENDMENTS


     HFA (1, J. Glenn) - Restore provisions of paragraph (2)(c) of Section 2 involving payment of benefits upon the death of a principal beneficiary before the member's retirement and to make technical corrections.

     Jan 27-introduced in House
     Jan 28-to State Government (H)
     Feb 2-posted in committee
     Feb 11-reported favorably, 1st reading, to Calendar
     Feb 12-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, February 16, 2010; floor amendment (1) filed
     Feb 17-3rd reading, passed 95-0 with floor amendment (1)
     Feb 18-received in Senate
     Feb 22-to State & Local Government (S)
     Mar 19-taken from committee; 1st reading; returned to State & Local Government (S)
     Mar 23-taken from committee; 2nd reading; returned to State & Local Government (S)
     Mar 25-reported favorably, to Rules as a Consent Bill
     Apr 14-posted for passage in the Consent Orders of the Day for Wednesday, April 14, 2010; 3rd reading, passed 38-0; received in House
     Apr 15-enrolled, signed by each presiding officer; delivered to Governor
     Apr 26-signed by Governor (Acts ch. 173)

Vote History
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