| HB48 | GENERAL ASSEMBLY RETIREMENT BENEFITS (MILLS R) Create a new section of KRS 6.145 to 6.237 to allow individuals who become members of the General Assembly on or after April 1, 2018, to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly; allow members of the General Assembly who began contributing to the Legislators' Retirement Plan or the Kentucky Employees Retirement System on or after December 31, 2014, but prior to April 1, 2018, to make a one-time irrevocable election by December 31, 2018, to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly and receive a refund of accumulated contributions; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System applies to all future service of the General Assembly; amend KRS 6.505, 61.510, and 61.525 to conform; EMERGENCY. |
| | Current Status: | 1/2/2018 - (H) Referred to Committee House State Government
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| | Recent Status: | 1/2/2018 - Introduced (Pre-Filed)
9/28/2017 - Pre-Filed
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB48.htm |
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| HB51 | LEGISLATOR RETIREMENT BENEFITS (NEMES J) Create new sections of KRS 6.500 to 6.577 to permit a member or retiree of the Legislators' Retirement Plan to opt out of the traditional defined benefit plan and elect to participate in the Kentucky Employees Retirement System's hybrid cash balance plan for nonhazardous employees under KRS 61.597; specify that, on the member's effective election date, the value of the active member's accumulated account balance or a lump-sum payment of the actuarial value of the retiree's benefits be deposited into the member's hybrid cash balance account and be considered part of the member's accumulated account balance in the Kentucky Employees Retirement System; specify that on an active member's effective election date, an employer pay credit shall be applied to the member's accumulated account balance for each contributing month prior to the effective election date; require the Judicial Form Retirement System and the Kentucky Retirement Systems to provide the electing member with information detailing the consequences of the member's or retiree's election; specify that a member or retiree is not eligible to make an election until a private letter ruling by the IRS is received; make the benefit election under this section irrevocable; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2018, and transfer all legislative members' in the hybrid cash balance plan to the hybrid cash balance plan in the Kentucky Employees Retirement System; make conforming amendments to KRS 21.374, 21.402, and 61.597; amend KRS 141.010 and 141.020 to provide that, effective for taxable years on or after January 1, 2019, members and retirees of the Legislators' Retirement Plan who do not opt out of the traditional defined benefit plan and elect to participate in the Kentucky Employees Retirement System's hybrid cash balance plan have any retirement distributions exceeding $80,000 taxed at a rate of 75%. |
| | Current Status: | 1/2/2018 - (H) Referred to Committee House State Government
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| | Recent Status: | 1/2/2018 - Introduced (Pre-Filed)
10/20/2017 - Pre-Filed
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB51.htm |
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| HB65 | LEGISLATOR RETIREMENT BENEFITS (ELLIOTT D) Amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2018; prohibit current legislators from participating in the Legislators' Retirement Plan on or after August 1, 2018; provide that current and future legislators shall only participate in the Kentucky Employees Retirement System for any service to the General Assembly occurring on or after August 1, 2018. |
| | Current Status: | 1/2/2018 - (H) Referred to Committee House State Government
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| | Recent Status: | 1/2/2018 - Introduced (Pre-Filed)
11/22/2017 - Pre-Filed
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB65.htm |
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| HB82 | PENSION REVENUE (MOFFETT P) Amend KRS 243.884 to increase the wholesale sales tax rate for beer, wine, and distilled spirits to 14 percent; amend KRS 243.890 to conform; create a new section of KRS Chapter 42 to establish the underfunded pension trust fund to fund pension plans; create a new section of KRS Chapter 243 to forbid local governments from imposing a regulatory license fee on the sale of alcoholic beverages; amend KRS 242.1292 to conform; amend KRS 244.440 to require that every distiller, rectifier, winery, and nonresident wholesaler make its brands available to any wholesaler and not grant the distributing rights of any particular brand to only one wholesaler exclusively; amend KRS 243.170 to require that alcohol wholesalers make deliveries to retailers on a timely basis and no later than one week after the order date; amend KRS 243.180 to require that alcohol distributors make deliveries to retailers on a timely basis and no later than one week after the order date; amend KRS 243.200 to permit a quota retail package licensee or a nonquota malt beverage package licensee to transport alcoholic beverages between stores of common ownership if the licensee derives not less than 90 percent of his or her cash receipts from the sale of alcohol and pays the annual license fee; amend KRS 243.030 to create the supplemental transporter's license and establish a $100 annual fee; amend KRS 244.040 to allow a brewer or distributor to extend credit on malt beverages sold to retailers for up to 30 days; create a new section of KRS Chapter 81A to allow standing to any person who owns property in a territory to file suit against a city that annexes any territory; amend KRS 235.125 to require that vessels documented by the Coast Guard display a number and validation sticker; amend KRS 235.210 to require documented vessels to register with the county clerk; amend KRS 235.230 to remove the requirement that owners of a marina hold the title for a boat moored there for longer than 24 hours; amend KRS 376.270 to prohibit marinas from interfering with a boat owner's right to take possession of the boat; amend KRS 243.110, 243.157, and 243.360 to make conforming changes; repeal KRS 243.075, 243.886, and 376.272; APPROPRIATION; EMERGENCY; provide a January 1, 2019, delayed effective date for certain sections. |
| | Current Status: | 1/19/2018 - (H) WITHDRAWN
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| | Recent Status: | 1/2/2018 - (H) Referred to Committee House Appropriations and Revenue
1/2/2018 - Introduced (Pre-Filed)
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB82.htm |
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| HB105 | TEACHERS RETIREMENT SYSTEM TRUSTEES (REED B) Amend KRS 161.250 to remove the term limits for appointed and elected trustees of the Kentucky Teachers' Retirement System; specify that this Act shall supersede any noncodified provisions to the contrary in prior Acts. |
| | Current Status: | 1/4/2018 - (H) Referred to Committee House State Government
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| | Recent Status: | 1/2/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB105.htm |
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| HB229 | CASINO GAMING (MILLER J) Amend Section 226 of the Constitution of Kentucky to authorize the General Assembly to define and permit casino gaming; provide for the oversight and control of casino gaming by an administrative body funded by license fees and taxes levied on casino gaming; prior to July 1, 2038, require 100% of the casino gaming proceeds, in excess of the amount used to pay for an oversight administrative body of casino gaming, to go to the retirement systems. |
| | Current Status: | 1/24/2018 - (H) Referred to Committee House Elections, Constitutional Amendments, and Intergovernmental Affairs
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| | Recent Status: | 1/22/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB229.htm |
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| HB539 | RETIREMENT (RILEY S) Create a new section of KRS 161.220 to 161.716 to establish risk control mechanisms that shall be implemented by the board of trustees for the Teachers' Retirement System (TRS) if funding for retirement benefits applying to members hired on or after July 1, 2018, falls below 95%; amend KRS 161.155 to limit the amount of unused sick leave that may be used to calculate retirement benefits to the number of days accrued as of June 30, 2018; amend KRS 161.540 to increase the employee contribution rate for pensions to 10% for new members of TRS; amend KRS 161.550 to limit state appropriations to fund benefits for new TRS members to 6% of payroll, but require the General Assembly to pay the full actuarially required contribution rate (ARC) for the TRS for all fiscal years occurring on or after July 1, 2018; amend KRS 161.600 to require new TRS members participating on or after July 1, 2018, to attain an age and years of service that total at least 85 to qualify for unreduced retirement benefits or that total no less than 70 to qualify for reduced retirement benefits; make technical and conforming amendments to KRS 161.220, 161.420, 161.600, 161.620, and 161.623; create a new section of KRS 78.510 to 78.852 to provide that the administration of the County Employees Retirement System (CERS) shall be transferred from the Kentucky Retirement System (KRS) board of trustees to the CERS board of trustees established on July 1, 2018; allow the new CERS board to contract with KRS for administration of benefits, investments, or other services as needed for a period not to exceed four years; create new sections of KRS 78.510 to 78.852, including new provisions to permit nonhazardous members who began participating on or after January 1, 2014, to make a one-time irrevocable election to transfer from the hybrid cash balance plan into the defined benefit tier for members who began participating on or after July 1, 2008, but limit establish risk controls mechanisms for this tier; amend KRS 78.510, 78.530, 78.535, 78.540, 78.610, 78.615, 78.616, 78.625, 78.630, 78.640, 78.650, 78.652, 78,790, 78.852, and 78.550 to establish separate statutory provisions governing administration, benefits, and investments of the County Employees Retirement System; establish a 9-member CERS board composed of 3 elected members, and 6 individuals appointed by the Kentucky League of Cities, the Kentucky Association of Counties, or the Kentucky School Boards Association who must have 10 years of "investment experience" or "retirement experience" as defined by the bill; specify investment, reporting, and transparency requirements; amend KRS 6.350, 7A.255, 16.505, 16.555, 16.576, 16.577, 16.583, 16.582, 18A.205, 61.510, 61.522, 61.535, 61.540, 61.545, 61.550, 61.552, 61.5525, 61.555, 61.559, 61.565, 61.590, 61.592, 61.595, 61.597, 61.598, 61.600, 61.607, 61.621, 61.623, 61.625, 61.630, 61.637, 61.650, 61.652, 61.660, 61.665, 61.670, 61.675, 61.680, 61.690, 61.691, 61.701, 61.702, 61.705, 70.292, 70.293, 95.022, 95.290, 161.155, and 61.675 to conform; amend KRS 61.645 to remove CERS elected and appointed representation on the KRS board; amend KRS 7A.250 to place CERS under the jurisdiction of the Public Pension Oversight Board; amend KRS 18A.225 to allow CERS retirees to participate in the Kentucky Employees Health Plan; repeal KRS 78.533, 78.534, 78.532, 78.542, 78.545, and 212.434; provide that decisions made by the KRS board on behalf of CERS shall stand and shall not be reversed except as provided by KRS 78.510 to 78.852; provide that the three elected CERS trustees serving on the KRS board prior to July 1, 2017, shall serve as the elected trustees on the new CERS board; provide that no provision of this Act shall increase or decrease benefits to members or retired members of KRS or CERS; EMERGENCY, effective July 1, 2018. |
| | Current Status: | 3/1/2018 - (H) Referred to Committee House Appropriations and Revenue
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| | Recent Status: | 2/27/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB539.htm |
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| HB551 | STATE ADMINISTERED RETIREMENT SYSTEM (WAYNE J) Amend KRS 21.540, 61.650, and 161.430 to require the state-administered retirement systems to follow the state Model Procurement Code when contracting for investment management services; amend KRS 61.645 to grant the Attorney General concurrent jurisdiction to investigate and prosecute violations of the ethical and fiduciary duties of trustees and investment managers for the Kentucky Retirement Systems; amend KRS 161.250 to grant the Attorney General concurrent jurisdiction to investigate and prosecute violations of the ethical and fiduciary duties of trustees and investment managers for the Teachers' Retirement System; amend KRS 61.990 and 161.990 to provide that a knowing violation of the ethical and fiduciary duties of trustees and investment managers for the Kentucky Retirement Systems and the Teachers' Retirement System shall be a Class D felony. |
| | Current Status: | 3/1/2018 - (H) Referred to Committee House State Government
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| | Recent Status: | 2/27/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/HB551.htm |
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| SB27 | GENERAL ASSEMBLY RETIREMENT BENEFITS (GIRDLER R) Create a new section of KRS 6.145 to 6.237 to allow an individual who becomes a member of the General Assembly on or after the effective date of the Act to make a one-time irrevocable election to not participate in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly; allow an individual who has not yet met the requirements for vesting to make a one-time irrevocable election within 60 days of the effective date of this Act to discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System for his or her service to the General Assembly and receive a refund of his or her accumulated account balance; provide that the election to not participate or discontinue participation in the Legislators' Retirement Plan or the Kentucky Employees Retirement System shall apply to all future service of the General Assembly; amend KRS 6.505, 61.510, 61.525, 61.535, and 61.625 to conform. |
| | Current Status: | 1/3/2018 - (S) Referred to Committee Senate State and Local Government
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| | Recent Status: | 1/2/2018 - Introduced (Pre-Filed)
9/28/2017 - Pre-Filed
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB27.htm |
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| SB28 | LEGISLATOR RETIREMENT BENEFITS (GIRDLER R) Amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2018; prohibit current legislators from participating in the Legislators' Retirement Plan on or after August 1, 2018; provide that current and future legislators may only participate in the Kentucky Employees Retirement System for any service to the General Assembly occurring on or after August 1, 2018. |
| | Current Status: | 1/3/2018 - (S) Referred to Committee Senate State and Local Government
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| | Recent Status: | 1/2/2018 - Introduced (Pre-Filed)
9/28/2017 - Pre-Filed
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB28.htm |
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| SB44 | RETIREE REEMPLOYMENT (MCDANIEL C) Amend KRS 70.292 to allow county police departments the ability to employ retired police officers from the Kentucky Employees Retirement System (KERS), County Employees Retirement System (CERS), and State Police Retirement System (SPRS) provided they meet certain standards; amend KRS 70.293 to provide that KERS, CERS, and SPRS retirees reemployed by a county police department will continue to receive the benefits they were eligible to receive upon retirement but shall not accrue any additional retirement or health benefits during reemployment; provide that retirement and any health contributions shall not be paid to the Kentucky Retirement Systems or the Kentucky Employees Health Plan on a retired officer who is reemployed by a county police department under these provisions. |
| | Current Status: | 1/3/2018 - (S) Referred to Committee Senate State and Local Government
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| | Recent Status: | 1/2/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB44.htm |
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| SB66 | RETIREMENT (MCDANIEL C) Amend KRS 61.530 to insert gender-neutral language. |
| | Current Status: | 3/12/2018 - (S) recommitted to committee Senate Appropriations and Revenue
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| | Recent Status: | 2/28/2018 - (S) SECOND READING, to Rules
2/27/2018 - (S) FIRST READING w/SCS 1, SCA 1T to Regular Calendar
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB66.htm |
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| SB81 | KENTUCKY RETIREMENT SYSTEM PAYMENTS (TURNER J) Amend KRS 16.543, 61.543, and 78.615 to provide that, if the Kentucky Retirement Systems determines that employee contributions were made in error more than five years following the date the contributions were first made, the systems shall pay the member interest on any refunded contributions at the actuarially assumed rate of return; amend KRS 61.685 to conform. |
| | Current Status: | 1/17/2018 - (S) Referred to Committee Senate Appropriations and Revenue
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| | Recent Status: | 1/16/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB81.htm |
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| SB92 | CITY EMPLOYEE PENSIONS (RIDLEY D) Amend KRS 90.410, 95.560, and 95.624 to allow certain cities of the home rule class to increase pension payments in response to increases in the cost of living as calculated by the consumer price index and as calculated for recipients of Social Security. |
| | Current Status: | 1/19/2018 - (S) Referred to Committee Senate Appropriations and Revenue
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| | Recent Status: | 1/18/2018 - Introduced
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB92.htm |
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| SB113 | RETIREMENT BENEFITS (WESTERFIELD W) Amend KRS 61.637 to allow a mayor or member of a city legislative body who does not have service credit in the County Employees Retirement System (CERS) for his or her service to the city to retire and draw benefits from CERS for other covered employment without resigning from his or her position as mayor or member of a city legislative body; amend KRS 78.540 to provide that a mayor or member of a city legislative body who has been required to participate in CERS due to other covered employment, or because of failure to make an election to not participate as provided by this section, may elect to not participate in CERS for service as mayor or member of the city legislative body and to receive a refund of contributions for his or her service as a mayor or member of a city legislative body; EMERGENCY. |
| | Current Status: | 4/14/2018 - (H) Posted for Passage in Regular Orders of the Day; HCA 1T, HCS 1, HFA 1, 2T, 3, 4, 5,6T, 7, 8, 9, 10T, 11,12, 13T
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| | Recent Status: | 4/13/2018 - floor amendments (8), and (11) filed to Committee Substitute, floor amendment (9) filed to HFA (1), floor amendments (10-title), (12), (13-title) filed
4/2/2018 - (H) Posted for Passage in Regular Orders of the Day; w/HCS 1, HFA 1, 2T, 3, 4, 5, 6T, HCA 1T
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| | State Bill Page: | http://www.lrc.ky.gov/record/18RS/SB113.htm |
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