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HB 448 (BR 1974) - B. Yonts

     AN ACT relating to agencies that discontinue participation in Kentucky Retirement Systems.
     Create a new section of KRS Chapter 61 to provide that an employer ceasing participation in the Kentucky Employees Retirement System or the County Employees Retirement System as provided by KRS 61.522 that elects to provide an alternative retirement plan with mandatory employee contributions may "pick-up" the employee contributions in the alternative retirement plan so that the contributions will be made on a tax-deferred basis; amend KRS 141.010 to conform.


HB 448 - AMENDMENTS

     HFA1/P( J. Hoover ) - Retain original provisions; amend KRS 61.661, 161.585, and 21.540 to require the disclosure, upon request, of the retirement benefit information of current and former members of the General Assembly, including their name, status, and projected or actual retirement benefit payments and benefits of the same from Kentucky Retirement Systems, Kentucky Teachers' Retirement System, Legislators' Retirement Plan, and the Judicial Retirement Plan.
     HFA2( J. Hoover ) - Make title amendment.
     HFA3( P. Moffett ) - Prohibit the provisions of Section 1 of this bill from being construed as a determination or opinion as to whether an employer ceasing participation in KERS or CERS is a governmental agency eligible to establish a governmental retirement plan.

     Feb 19, 2016 - introduced in House
     Feb 22, 2016 - to State Government (H)
     Feb 23, 2016 - posted in committee
     Feb 25, 2016 - reported favorably, 1st reading, to Calendar
     Feb 26, 2016 - 2nd reading, to Rules
     Feb 29, 2016 - posted for passage in the Regular Orders of the Day for Tuesday, March 1, 2016; floor amendment (1) and (2-title) filed
     Mar 01, 2016 - floor amendment (3) filed
     Mar 14, 2016 - 3rd reading, passed 94-0 with floor amendment (3)
     Mar 15, 2016 - received in Senate
     Mar 17, 2016 - to State & Local Government (S)