01RS HB46


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HB 46/AA (BR 203) - R. Damron, B. Colter, W. Scott

     AN ACT relating to retirement.
     Amend KRS 61.552 to allow members of any state-administered retirement system to purchase uncredited probationary time by paying 50% of value determined by the Board.


     HCS/AA - Retain original provisions but require affected persons to pay 100% of the actuarial cost, rather than 50%, as determined by the system.
     SCS/AA - Retain provision of GA version of bill, amend KRS 61.552 to allow an employee participating in the Kentucky Retirement System, who has at least 48 months of service if age 65, or at least 60 months of service if under age 65, to purchase of school board time, amend KRS 61.600 to authorize the filing of a new application for disability benefits for the preexisting disease of poliomyelitis though previously denied if the application is filed by December 31, 2001; amend KRS 16.645, 78.545, and create a new section of KRS Chapter 61.515 to 61.702 to provide that retirement service credit purchased shall not be included in the member's total service for determining medical insurance benefits under KRS 61.702.

     Jan 2-introduced in House
     Jan 3-to State Government (H)
     Feb 9-posted in committee
     Feb 20-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 21-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 22, 2001
     Feb 26-3rd reading, passed 93-1 with Committee Substitute
     Feb 27-received in Senate
     Mar 2-to State and Local Government (S)
     Mar 5-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 6-2nd reading, to Rules

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