13RS HB21

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HB 21/AA (BR 92) - D. Floyd, R. Bunch, C. Embry Jr., K. King, T. Moore, R. Webber

AN ACT relating to retirement.
Amend KRS 6.525 to prohibit members of the Legislators' Retirement Plan, who begin contributing on or after August 1, 2013, from using salary earned in another state-administered retirement system or plan to calculate benefits in the Legislators' Retirement Plan; allow members of the Legislators' Retirement Plan contributing to the plan prior to August 1, 2013, to make a one-time election to have their benefits from the Legislators' Retirement Plan based solely on their legislative salary.

(Prefiled by the sponsor(s).)

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

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