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SB 342 KY
Introduced

AN ACT relating to recontribution of a refund in the retirement systems.

KY · session 2022RS · Senate · bill

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Introduced Mar 3, 2022

Latest action (Mar 7, 2022) to State & Local Government (S)

Summary

Amend KRS 61.552 to provide that recontributions of a refund to the Kentucky Employees Retirement System, County Employees Retirement System, and the State Police Retirement System, made on or before January 1, 2023, shall be used to determine a member's participation date in the systems; make retroactive back to January 1, 2014, and provide that recontributions of a refund made on or after January 1, 2014 and prior to the effective date of this Act, shall be used to determine a member's participation date in the system unless the member instructs the systems by January 1, 2023, to not use the service to determine their participation date in the systems; RETROACTIVE.

Sponsor (1)

Action history (3)
  1. Mar 3, 2022 introduced in Senate · upper
  2. Mar 3, 2022 to Committee on Committees (S) · upper
  3. Mar 7, 2022 to State & Local Government (S) · upper
Subjects
Actuarial AnalysisLocal MandatePublic Officers and EmployeesRetirement and PensionsRetroactive LegislationState Agencies

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

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