AN ACT relating to retirement benefit participation for members of the General Assembly. Create a new section of KRS 6.145 to 6.237 to allow an individual who becomes a member of the General Assembly on or after the effective date of the Act to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly; allow an individual who has not yet met the requirements for vesting to make a one-time irrevocable election within 60 days of the effective date of this Act to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly and receive a refund of his or her accumulated account balance; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System shall apply to all future service of the General Assembly; amend KRS 6.505, 61.510, 61.525, 61.535, and 61.625 to conform.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2017
Committee Review
Floor Vote
Governor
Introduced Sep 28, 2017
Last action Jan 3, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 3, 2018
Committee
To State & Local Government (S)
upper
Jan 2, 2018
Introduced
Introduced in Senate
upper
Sep 28, 2017
Introduced
Prefiled by the sponsor(s).
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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