12RS HB502
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HB502

12RS

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HB 502 (BR 1933) - T. Thompson, J. Glenn

     AN ACT relating to pension plans for second class cities.
    Amend KRS 95.859 to authorize cities of a second class to provide a cost of living adjustment to members of their closed Policemen's and Firefighters' Retirement Fund not to exceed the annual average increase in the Consumer Price Index or five percent; require approval by the city's legislative body for each cost of living adjustment provided and allow the city to repeal, suspend, or reduce any cost of living approved by the city as the city deems necessary; amend KRS 95.872 to conform.

HB 502 - AMENDMENTS


     HCS - Retain original provisions; amend KRS 95.859 to clarify determination of cost of living adjustment increase.
     SCS - Retain original provisions; make technical corrections.

     Feb 28-introduced in House
     Feb 29-to Local Government (H)
     Mar 2-posted in committee
     Mar 14-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 15-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Monday, March 19, 2012
     Mar 19-3rd reading, passed 93-0 with Committee Substitute
     Mar 20-received in Senate
     Mar 21-taken from Committee on Committees (S); 1st reading; returned to Committee on Committees (S)
     Mar 22-taken from Committee on Committees (S); 2nd reading; returned to Committee on Committees (S); to State & Local Government (S)
     Mar 28-reported favorably, to Rules with Committee Substitute as a Consent Bill
     Mar 29-posted for passage in the Consent Orders of the Day for Thursday, March 29, 2012; 3rd reading, passed 37-0 with Committee Substitute ; received in House; to Rules (H)
     Mar 30-posted for passage for concurrence in Senate Committee Substitute ; House concurred in Senate Committee Substitute ; passed 89-0; enrolled, signed by each presiding officer; delivered to Governor
     Apr 11-signed by Governor (Acts ch. 111)

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