98RS HB562


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HB 562/AA (BR 1939) - H. Deskins Jr

     AN ACT relating to retirement.
     For the Judicial and Legislative Retirement Plans, amend KRS 21.420 to permit members to select an optional survivor's benefit payment actuarially equivalent to the amount of the retirement allowance payable to the member and the member's spouse, rather than payable to the member only; amend KRS 21.425 to require payments, absent a qualified spouse, of survivors benefits to a child until the child reaches age 21, rather than age 18; amend KRS 21.427 and 6.577 to provide for the consolidation of credit in all state-administered retirement plans or systems in the respective retirement plans for calculating hospital and medical insurance premiums and pro-rate the cost among the state-administered retirement plans; amend KRS 6.525 to permit members who leave the plans, but later return to the plans, to retain the original date of entry into the plans for the purpose of setting the service credit rate.


     HCS/AA - Retain original provisions and add the ability to purchase national guard and reserve time on a basis of one month for every six months of service by paying 100% of the cost.

     Feb 10-introduced in House
     Feb 11-to State Government (H)
     Feb 27-posted in committee
     Mar 3-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 4-2nd reading, to Rules
     Mar 10-posted for passage in the Regular Orders of the Day for March 11, 1998
     Mar 12-3rd reading, passed 83-1with Committee Substitute
     Mar 13-received in Senate
     Mar 16-to Judiciary (S)
     Mar 19-reassigned to State and Local Government (S)
     Mar 24-reported favorably, 1st reading, to Consent Calendar
     Mar 25-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for March 26, 1998
     Mar 26-3rd reading, passed 36-0; received in House; enrolled, signed by each presiding officer
     Mar 27-delivered to Governor
     Apr 7-signed by Governor

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