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HB 427/FN (BR 849) - B. Yonts
AN ACT relating to pension surcharges to benefit the Kentucky Retirement Systems and Kentucky Teachers' Retirement System and declaring an emergency.
Create new sections of KRS 61.510 to 61.705 to create a surcharge on state contracts for personnel hired in lieu of hiring a state employee; require the surcharge to be paid to the unfunded liability trust fund created under KRS 61.706; apply to all participating employers and for all memoranda of agreement and personnel service contracts, as defined in KRS 45A.690 of the Model Procurement Code; create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Employees Retirement System; create new section of KRS 161.220 to 161.716 to create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Teachers' Retirement System; amend KRS 164.350, 164.365 and 164.5805 to conform; EMERGENCY.
Feb 18, 2016 - introduced in House
Feb 22, 2016 - to State Government (H)
Feb 23, 2016 - posted in committee