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SB 81 / AA/FN (BR 881) - J. Turner
AN ACT relating to erroneous payments to the Kentucky Retirement Systems.
Amend KRS 16.543, 61.543, and 78.615 to provide that, if the Kentucky Retirement Systems determines that employee contributions were made in error more than five years following the date the contributions were first made, the systems shall pay the member interest on any refunded contributions at the actuarially assumed rate of return; amend KRS 61.685 to conform.
Jan 16, 2018 - introduced in Senate
Jan 17, 2018 - to Appropriations & Revenue (S)