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]
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.
Title
AN ACT relating to reciprocity between the Kentucky Retirement Systems and the Teachers' Retirement System.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-02-18 | Senate | to State & Local Government (S) |
2020-02-13 | Senate | introduced in Senate |
Subjects
Actuarial Analysis
Retirement and Pensions
Retroactive Legislation
State Agencies
State Employees
Teachers
Retirement and Pensions
Retroactive Legislation
State Agencies
State Employees
Teachers
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/20RS/sb172.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb172/orig_bill.pdf |