00RS HB548


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HB 548/AA (BR 1875) - J. Draud

     AN ACT relating to teachers' retirement.
     Create a new section of KRS Chapter 156 to define "critical shortage area" as a lack of certified teachers in particular subject areas, in grade levels, or in geographic locations as determined by the commissioner of education; require the Kentucky Board of Education to promulgate administrative regulations to implement the provisions of this Act; create a new section of KRS Chapter 161 to provide that a member retired for at least 60 days may return to full-time or part-time teaching without loss of retirement benefits if certified and teaching in a critical shortage area; require the employer and the employee to contribute annually to the retirement system on the compensation paid to the retired member at rates determined by the retirement system actuary; provide that when the retiree's reemployment terminates, the total contributions with interest shall be paid by lump sum or on a monthly straight life basis to the retiree.

     Feb 2-introduced in House
     Feb 3-to Education (H)
     Feb 18-posted in committee
     Mar 6-posting withdrawn

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