13RS HB20

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HB 20/AA (BR 91) - D. Floyd, M. Dossett, C. Embry Jr., T. Moore, D. Osborne, B. Waide, R. Webber

AN ACT relating to retirement.
Create a new Section of KRS 61.510 to 61.705 to prohibit future members of the General Assembly from participating in the Kentucky Employees Retirement System unless they participated in the Kentucky Employees Retirement System as a member of the General Assembly prior to August 1, 2013; allow current members of the General Assembly participating in the Kentucky Employees Retirement System to make a one-time election to discontinue participation; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2013, and to allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation; amend KRS 61.510 and 61.680 to conform.

(Prefiled by the sponsor(s).)

Jan 8-introduced in House; to State Government (H)

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