KY SB172 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-02-18 - to State & Local Government (S)
Pending: Senate State & Local Government Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amend KRS 61.680 to require the Kentucky Retirement Systems to apply reciprocity for a person retiring for a second time after waiving retirement benefits to return to a full-time position covered by the Teachers' Retirement System; allow the member to use omitted service credit for determining eligibility and the amount of benefits upon subsequent retirement; make the provision retroactive to retirements on or after December 31, 2009; require the Kentucky Retirement Systems and the Teachers' Retirement System to recalculate the retired person's benefits as if the service obtained had been purchased prior to retirement.

Tracking Information

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Title

AN ACT relating to reciprocity between the Kentucky Retirement Systems and the Teachers' Retirement System.

Sponsors


History

DateChamberAction
2020-02-18Senateto State & Local Government (S)
2020-02-13Senateintroduced in Senate

Subjects


Kentucky State Sources


Bill Comments

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