KY HB358 | 2019 | Regular Session
Status
Spectrum: Strong Partisan Bill (Republican 18-1)
Status: Vetoed on April 9 2019 - 100% progression
Action: 2019-04-09 - Vetoed
Text: Latest bill text (Enrolled) [PDF]
Status: Vetoed on April 9 2019 - 100% progression
Action: 2019-04-09 - Vetoed
Text: Latest bill text (Enrolled) [PDF]
Summary
Create a new section of KRS 61.510 to 61.705 to provide that postsecondary education institutions may voluntarily cease participation in the Kentucky Employees Retirement System (KERS) by paying the actuarial costs of ceasing participation; require institutions to file request to cease participation by December 31, 2019; define "postsecondary institutions" as Eastern Kentucky University, Kentucky State University, Morehead State University, Murray State University, Northern Kentucky University, Western Kentucky University, the Kentucky Community Technical College System, and the Kentucky Higher Education Student Loan Corporation; set actuarial costs for institutions ceasing participation to assumptions in the 2018 actuarial valuation and provide that the institution may pay off the costs over a period not to exceed 25 years at an interest rate of 5.25% per annum; provide that existing employees of a postsecondary institution ceasing participation may, subject to a favorable private letter ruling, elect to continue participating in the system; amend KRS 61.510, 61.520, 61.525, 61.543, and 61.560 to conform; provide that the KERS employer contribution rate shall be 49.47% of pay in FY 2019-2020 for Regional Mental Health Programs, Local and District Health Departments, domestic violence shelters, rape crisis centers, child advocacy centers, state supported universities and community colleges, and any other agency eligible to voluntarily cease participating in the Kentucky Employees Retirement System pursuant to KRS 61.522; EMERGENCY.
Title
AN ACT relating to the Kentucky Employees Retirement System and declaring an emergency.
Sponsors
Roll Calls
2019-03-28 - House - House: Third Reading RCS# 404 (Y: 58 N: 39 NV: 0 Abs: 3) [PASS]
2019-03-28 - House - House: Adopt FCC 1 RCS# 403 (Y: 59 N: 35 NV: 0 Abs: 6) [PASS]
2019-03-28 - Senate - Senate: Third Reading W/FINAL fccr RSN# 1126 (Y: 26 N: 11 NV: 0 Abs: 1) [PASS]
2019-03-13 - Senate - Senate: Third Reading W/SCS 1 RSN# 973 (Y: 25 N: 12 NV: 0 Abs: 0) [PASS]
2019-02-27 - House - House: Third Reading RCS# 161 (Y: 76 N: 21 NV: 0 Abs: 3) [PASS]
2019-02-27 - House - House: Suspend the Rules RCS# 160 (Y: 37 N: 58 NV: 0 Abs: 5) [FAIL]
2019-03-28 - House - House: Adopt FCC 1 RCS# 403 (Y: 59 N: 35 NV: 0 Abs: 6) [PASS]
2019-03-28 - Senate - Senate: Third Reading W/FINAL fccr RSN# 1126 (Y: 26 N: 11 NV: 0 Abs: 1) [PASS]
2019-03-13 - Senate - Senate: Third Reading W/SCS 1 RSN# 973 (Y: 25 N: 12 NV: 0 Abs: 0) [PASS]
2019-02-27 - House - House: Third Reading RCS# 161 (Y: 76 N: 21 NV: 0 Abs: 3) [PASS]
2019-02-27 - House - House: Suspend the Rules RCS# 160 (Y: 37 N: 58 NV: 0 Abs: 5) [FAIL]
History
Date | Chamber | Action |
---|---|---|
2019-04-09 | House | Vetoed |
2019-03-28 | House | delivered to Governor |
2019-03-28 | House | enrolled, signed by President of the Senate |
2019-03-28 | House | enrolled, signed by Speaker of the House |
2019-03-28 | House | Bill passed 58-39 |
2019-03-28 | House | posted for passage for consideration of Free Conference Committee Report |
2019-03-28 | House | received in House |
2019-03-28 | Senate | Free Conference Committee report adopted in House |
2019-03-28 | Senate | Bill passed 26-11 |
2019-03-28 | Senate | Free Conference Committee report adopted in Senate |
2019-03-28 | Senate | Free Conference Committee report filed in Senate |
2019-03-28 | Senate | Free Conference Committee appointed in House and Senate |
2019-03-28 | Senate | Conference Committee report adopted in House and Senate |
2019-03-28 | Senate | Conference Committee report filed in House and Senate |
2019-03-28 | Senate | Conference Committee appointed in House and Senate |
2019-03-28 | Senate | Senate refused to recede from Committee Substitute (1) |
2019-03-28 | Senate | posted for passage for receding from Senate Committee Substitute (1) |
2019-03-14 | Senate | received in Senate |
2019-03-14 | House | House refused to concur in Senate Committee Substitute (1) |
2019-03-13 | House | posted for passage for concurrence in Senate Committee Substitute (1) |
2019-03-13 | House | to Rules (H) |
2019-03-13 | House | received in House |
2019-03-13 | Senate | 3rd reading, passed 25-12 with Committee Substitute (1) |
2019-03-13 | Senate | posted for passage in the Regular Orders of the Day for Wednesday, March 13, 2019 |
2019-03-12 | Senate | reported favorably, 2nd reading, to Rules with Committee Substitute (1) |
2019-03-06 | Senate | returned to State & Local Government (S) |
2019-03-06 | Senate | 1st reading |
2019-03-06 | Senate | taken from State & Local Government (S) |
2019-03-04 | Senate | to State & Local Government (S) |
2019-02-28 | Senate | received in Senate |
2019-02-27 | House | 3rd reading, passed 76-21 with Committee Substitute (1) and floor amendment (1) |
2019-02-27 | House | floor amendment (2) filed to Committee Substitute, floor amendment (3) filed to bill |
2019-02-26 | House | floor amendment (1) filed to Committee Substitute |
2019-02-21 | House | posted for passage in the Regular Orders of the Day for Friday, February 22, 2019 |
2019-02-21 | House | reported favorably, 2nd reading, to Rules with Committee Substitute (1) |
2019-02-19 | House | posted in committee |
2019-02-19 | House | returned to State Government (H) |
2019-02-19 | House | 1st reading |
2019-02-19 | House | taken from State Government (H) |
2019-02-14 | House | to State Government (H) |
2019-02-13 | House | introduced in House |
Subjects
Actuarial Analysis
Effective Dates, Emergency
Public Officers and Employees
Retirement and Pensions
State Agencies
Effective Dates, Emergency
Public Officers and Employees
Retirement and Pensions
State Agencies