13RS HB237

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HB 237/AA (BR 440) - D. St. Onge, B. Linder, J. Adams, R. Benvenuti III, J. Carney, C. Embry Jr., K. Imes, S. Santoro, R. Webber, A. Wuchner

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 or the Legislators' Retirement Plan as a member of the General Assembly prior to July 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 and to take a refund of accumulated contributions; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective July 1, 2013; allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation and take a refund of accumulated contributions; amend KRS 61.510 to conform.

Feb 6-introduced in House
Feb 7-to State Government (H)

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