AN ACT relating to Kentucky Retirement Systems agency participation and declaring an emergency. Amend KRS 61.522 to remove installments as a payment option for agencies required to pay the actuarial costs for ceasing participation in the Kentucky Retirement Systems; clarify conditions in which an employee seeking to transfer funds to the ceasing employer's alternative retirement program is not included in the employer actuarial cost calculation; specify that the systems shall develop separate assumptions for determining the employer's cost to cease participation; specify the formula for determining the assumed rate of return in the cost calculation; provide noncodified language to state the provisions shall apply retroactively to any matter pending before the Kentucky Retirement Systems board; EMERGENCY.
Bill status
signed
all 3 stages cleared
Introduction
Feb 2017
Committee Review
Mar 2017
Signed into Law
Mar 2017
Introduced Feb 14, 2017
Signed Mar 21, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
25
Key actions
4
Committee
5
Amendments
1
Mar 21, 2017
Signed into law
Signed by Governor (Acts, ch. 104)
legislature
Mar 15, 2017
Legislature · Passed
Reported favorably, to Rules as a consent bill
legislature
Mar 7, 2017
Committee
To State & Local Government (S)
legislature
Feb 27, 2017
Introduced
Floor amendment (1) filed to Committee Substitute
legislature
Feb 22, 2017
Legislature · Passed
Posted in committee
legislature
Feb 21, 2017
Legislature · Passed
Posted in committee
legislature
Feb 15, 2017
Committee
To State Government (H)
legislature
Feb 14, 2017
Introduced
Introduced in House
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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