Kentucky House Bill 171 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on February 14 2020 - 50% progression, died in committee
Action: 2020-03-19 - returned to State & Local Government (S)
Pending: Senate State & Local Government Committee
Text: Latest bill text (Engrossed) [PDF]

Repeal, reenact, and amend KRS 61.565 to change the Kentucky Employees Retirement System's nonhazardous employer contribution payable on or after July 1, 2020, from a percentage of pay for both the normal cost contribution and the actuarially accrued liability contribution to a normal cost that is a percent of pay and an actuarially accrued liability contribution that is a set dollar amount; provide that the set dollar amount for the actuarially accrued liability contribution for KERS nonhazardous funds shall be allocated to each individual employer based upon the employer's percent share of the liability as of the June 30, 2019 actuarial valuation and shall be paid by employers in equal installments monthly; provide criteria for when adjustments to the dollar value and percent share may occur; make technical, clerical, and conforming amendments and to conform to a recent court decision; create a new section of KRS Chapter 42 to establish the Kentucky retirement contribution assistance fund; provide that the purpose of the fund shall be to assist health departments, community mental health centers, and certain other quasi-governmental employers in the Kentucky Employees Retirement System with financial assistance in paying employer contribution rates to the system; specify that funds shall be disbursed by the state budget director and provide criteria for disbursement; amend KRS 61.510 to confirm to a recent court decision as it relates to a definition used for purposes of KRS 61.565; provide that Kentucky Retirement Systems shall amend the 2019 actuarial valuation in accordance with the amendments to KRS 61.565 in this Act and provide updated employer contributions to the Governor and General Assembly; APPROPRIATION; EMERGENCY.

AN ACT relating to retirement costs for Kentucky Retirement Systems employers, declaring an emergency, and making an appropriation therefor.

Rep. Jim Duplessis [R]	Rep. Joe Graviss [D]	Rep. Jerry Miller [R]	Rep. Steve Sheldon [R]
Rep. James Tipton [R]

2020-02-13 - House - House: Third Reading RCS# 106 (Y: 90 N: 0 NV: 0 Abs: 8) [PASS]

Date	Chamber	Action
2020-03-19	Senate	returned to State & Local Government (S)
2020-03-19	Senate	2nd reading
2020-03-19	Senate	taken from State & Local Government (S)
2020-03-18	Senate	returned to State & Local Government (S)
2020-03-18	Senate	1st reading
2020-03-18	Senate	taken from State & Local Government (S)
2020-02-20	Senate	to State & Local Government (S)
2020-02-14	Senate	received in Senate
2020-02-13	House	3rd reading, passed 90-0 with Committee Substitute (1) and floor amendment (1)
2020-02-12	House	floor amendment (1) filed to Committee Substitute
2020-02-10	House	posted for passage in the Regular Orders of the Day for Tuesday, February 11, 2020
2020-02-07	House	2nd reading, to Rules
2020-02-06	House	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
2020-01-13	House	posted in committee
2020-01-07	House	to State Government (H)
2020-01-07	House	introduced in House
2019-12-12	House	Prefiled by the sponsor(s).

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb171.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb171/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb171/bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb171/LM.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb171/HCS1LM.pdf
Roll Call	https://apps.legislature.ky.gov/record/20RS/hb171/vote_history.pdf