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HB 338 / AA (BR 291) - J. Kay
AN ACT relating to a pension surcharge on state contracts to be applied to the Kentucky Retirement Systems unfunded liability, making an appropriation therefor, and declaring an emergency.
Create a new section of KRS 61.510 to 61.705 to create a five percent 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 to be applied to the Kentucky Employees Retirement System nonhazardous pension fund; 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.
Feb 08, 2018 - introduced in House
Feb 12, 2018 - to Appropriations & Revenue (H)