HB 419 (BR 1388) - H. Moberly Jr, J. Richards
AN ACT relating to the funding of public employee retirement systems, making an appropriation therefor, and declaring an emergency.
Amend 2006 Kentucky Acts Chapter 252, the state/executive branch budget bill, to appropriate an additional $25,000,000 for the Teachers' Retirement System Medical Insurance Fund; create the Retirement Contribution Supplement Pool in the Personnel Cabinet; appropriate $25,000,000 for this pool to implement new employer retirement contribution rates for the Kentucky Employees Retirement Systems and the State Police Retirement System from April 1, 2007, through June 30, 2007; require any general fund moneys directed to be appropriated by Part VII, General Fund Surplus Expenditure Plan, to the Kentucky Retirement Systems to be appropriated to the Kentucky Systems Insurance Fund; delete the Kentucky Retirement Systems and the Kentucky Teachers' Retirement System's medical insurance fund from the General Fund Surplus Expenditure plan; declare an emergency.
Feb 12-introduced in House
Feb 13-to Appropriations & Revenue (H)
Feb 16-posted in committee