SB 142/FN/AA (BR 1215) - F. Bradley, W. Blevins, D. Boswell, T. Buford, P. Herron Jr, B. Jackson, D. Nunnelley, J. Pendleton, E. Rose, E. Scorsone
AN ACT relating to retirement.
Amend KRS 61.595 to increase the retirement factor for Kentucky Employees Retirement System members from 1.97% to 2.0%, except that for KERS members with 20 or more years of service credit who retire between August 1, 1998, and July 31, 2013, the factor shall be 2.2%.
SB 142 - AMENDMENTS
SCS (1/FN/AA) - Retain original provisions of the bill and add a death benefit increase from $2,500 to $5,000.
SCS (2/FN/AA) - Amend KRS 61.595 to provide that a member of KERS who is employed between January 1, 1998, through January 1, 1999, shall receive a retirement factor of 2.0% and that a member who is employed between January 1, 1998, through January 1, 1999, and retires between February 1, 1999, and January 1, 2009, with at least 20 years of service shall receive a retirement factor of 2.2%.
Jan 14-introduced in Senate
Jan 15-to State and Local Government (S)
Feb 5-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 6-2nd reading, to Rules
Feb 10-recommitted to Appropriations and Revenue (S)
Feb 19-reported favorably, to Rules with Committee Substitute (2)
Feb 20-posted for passage in the Regular Orders of the Day for February 23, 1998
Feb 23-3rd reading, Committee Substitute (1) withdrawn; passed 32-2 with Committee Substitute (2)
Feb 24-received in House
Feb 25-to State Government (H)
Mar 2-posted in committee
Mar 10-reported favorably, 1st reading, to Calendar
Mar 11-2nd reading, to Rules
Mar 12-posted for passage in the Regular Orders of the Day for March 13, 1998
Mar 18-3rd reading, passed 93-0; received in Senate
Mar 19-enrolled, signed by each presiding officer, delivered to Governor
Mar 26-signed by Governor