08RS HB653
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HB653

08RS

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HB 653/LM/AA (BR 2101) - G. Stumbo, M. Marzian, L. Clark, C. Miller, C. Siler, R. Weston

     AN ACT relating to retirement.
     Amend KRS 61.510 and 78.510 to extend the high-three final compensation window set to expire January 1, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009; amend KRS 61.595 to extend the 2.2 percent benefit factor window set to expire January 31, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009.

HB 653 - AMENDMENTS


     HCS/LM/AA - Retain original provisions except to provide additional language to clarify the types of service credit used to determine if the elected official is eligible for the retirement window.

     HFA (1, C. Rollins II) - Delete original provisions, and amend KRS 61.510 to extend the high-three final compensation window set to expire January 1, 2009, for those state employees eligible for the benefit based upon service credit as of December 31, 2008; amend KRS 61.595 to extend the 2.2 percent benefit factor window set to expire January 31, 2009, for those state employees eligible for the benefit based upon service credit as of December 31, 2008 ; amend KRS 78.510 to extend the high-three final compensation window set to expire January 1, 2009, for those county employees eligible for the benefit based upon service credit as of December 31, 2008.

     HFA (2, G. Stumbo) - Retain original provisions except to clarify the provisions do not apply to elected members of the General Assembly or the Judiciary and to make technical amendments.

     Feb 27-introduced in House
     Feb 28-to State Government (H)
     Mar 4-posted in committee
     Mar 6-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 7-2nd reading, to Rules
     Mar 10-floor amendment (1) filed to Committee Substitute
     Mar 11-floor amendment (2) filed to Committee Substitute
     Mar 13-posted for passage in the Regular Orders of the Day for Friday, March 14, 2008


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