HB 10/AA (BR 43) - M. Henley
AN ACT relating to retirement.
Amend KRS 61.542 to allow a member to change beneficiary to the member's estate after the first retirement allowance payment is issued; prohibit adjustment of retirement allowance.
HB 10 - AMENDMENTS
HCS - Delete subsection 6; add new subsection 6 to allow retired member to change beneficiary to estate one time only after first retirement allowance; prohibit retired member from changing beneficiary from estate after making an election; require an election to be implemented in the same manner as subsection 5(a); require no change in member's retirement payment option or monthly retirement allowance.
(Prefiled by the sponsor(s).)
Sep 7-To: Interim Joint Committee on State Government
Jan 3-introduced in House; to State Government (H)
Mar 2-posted in committee
Mar 7-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 8-2nd reading, to Rules
Mar 14-posted for passage in the Regular Orders of the Day for Wednesday, March 15, 2006; taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (H)