HB 309/AA (BR 1247) - J. Barrows, W. Allen, J. Adams, Ro. Adams, R. Adkins, J. Arnold Jr, A. Arnold, C. Belcher, L. Belcher, J. Bruce, B. Buckingham, Dw. Butler, J. Callahan, M. Cherry, J. Coleman, J. Comer, B. Crall, J. Crenshaw, R. Crimm, R. Damron, J. Draud, T. Feeley, C. Geveden, G. Graham, J. Gray, K. Hall, C. Hoffman, J. Jenkins, T. McKee, F. Nesler, S. Nunn, T. Pullin, J. Reinhardt, A. Simpson, R. Thomas, J. Thompson, Jo. Turner, J. Vincent, M. Weaver, R. Webb, S. Westrom, R. Wilkey, B. Yonts
AN ACT relating to retirement.
Amend KRS 16.505 to clarify that lump sum payments for annual leave are not creditable compensation regardless of when paid and provide updated definition of delayed contribution payment; amend KRS 16.645 to provide a reference to a new provision for survivor payments of less than $1,000; amend KRS 61.510 to clarify that lump sum payments for annual leave are not creditable compensation regardless of when paid and provide updated definition of delayed contribution payment; amend KRS 61.545 to provide updated definition of delayed contribution payment and to describe the process for revising reported time and service purchases when an audit indicates an error; amend KRS 61.552 to restrict beneficiary purchase of member's service based on IRC rules, make technical changes to identify vesting requirements for service purchases, update definition of delayed contribution payment, provide for suspension of installment payments for periods of military leave or sick leave without pay, allow purchase of service by rollover of any plan permitted under federal rules, and clarify several minor provisions; amend KRS 61.555 to allow credit of military duty based on a time limit between termination and entry into the military, allow for both service and salary for retirement purposes, delete prohibition from purchasing military service if eligible for a military pension, and update definition of a delayed contribution payment; amend KRS 61.590 to clarify that a member may file for retirement more than one month in advance of his or her intended retirement date and allow the systems to void a retirement if the member fails to select a payment option within six months after termination; amend KRS 61.595 to make several technical corrections and to increase the amounts under which a recalculation is not necessary; amend KRS 61.635 to clarify that when an estate is beneficiary the estate will only receive a one-time payment; amend KRS 61.637 to delete obsolete language and to clarify that reciprocal benefits and medical insurance are to be repaid by the employee if the employee is reemployed in the same job within six months; amend KRS 61.645 to allow the systems to create and operate its own personnel system without limitation of or by other statutes and to promulgate regulations to structure, to contract without limitation for medical or technical services, to acquire goods, allow for creation of an appeals committee, change the systems' operating officer from the general manager to an executive director and allow the executive director to function and be compensated without limitation of KRS 18A, 45A, and 64.640 and to appoint employees deemed necessary without limitation of KRS Chapter 18A; amend KRS 61.650 to allow the board exclusive power to invest and reinvest funds, notwithstanding any other statue, and to establish an investment committee to establish and implement policies; amend KRS 61.680 to clarify provisions on combining service in all systems to qualify for retirement and provide that payment of retirement allowance not begin until all forms to all affected systems are processed; amend KRS 61.690 to remove language about retirement benefits and marital property; amend KRS 61.701 to clarify affected federal provisions; amend KRS 61.705 to clarify vesting requirements; create a new section of KRS Chapter 61 to provide an abbreviated procedure for survivor claim of accounts under $1,000; amend KRS 78.510 to clarify that lump sum payments for annual leave are not creditable compensation regardless of when paid and provide updated definition of delayed contribution payment; amend KRS 78.606 to delete obsolete provisions on payment for service purchases of noncertified employees of school boards; amend KRS 78.615 to clarify that a day refers to a calendar day, that those affected must be employees, and to set a deadline of one year for notification to the system of preferred service calculation method; amend KRS 78.616 clarify that school boards may pay for sick leave only as provided under the statutes governing sick leave programs; amend KRS 78.625 to require reports to be filed by the twentieth of the month; amend KRS 78.545 to provide a reference to a new provision for survivor payments of less than $1,000; and amend KRS 61.5525 to make conforming internal reference change.
HB 309 - AMENDMENTS
HCA (1, J. Barrows) - Amend KRS 61.635 to provide the partial lump sum option, with or without survivor rights, as a new retirement allowance option.
HFA (1, C. Geveden) - Amend KRS 61.600 to provide that a person previously denied disability because of the pre-existing disease of poliomyelitis may be reconsidered for disability if the person has at least ten years of service; must apply to the systems by December 31, 2002.
HFA (2, C. Geveden) - Amend KRS 61.555 to allow vested employees with at least fifteen years of service to purchase up to four years of military active service for 50% of the delayed contribution payment; must notify system by December 31, 2002.
HFA (3, J. Vincent) - Amend KRS 61.637 to provide that a member retired on disability whose disability is discontinued shall have his or her accounts combined upon reemployment.
SCS/AA - Retain the original provisions; amend KRS 61.552 to allow purchase of service as a domestic relations commissioner by paying a delayed contribution payment; amend KRS 61.637 to provide that a person retired on disability who has the disability discontinued shall have his or her accounts combined upon reemployment.
SFA (1, E. Tori) - Amend KRS 61.690 to reinsert language related to pensions being considered as marital property; amend KRS 403.190 to delete state and local retirement systems from requirements.
Jan 10-introduced in House
Jan 11-to State Government (H)
Jan 17-posted in committee
Jan 22-reported favorably, 1st reading, to Calendar with committee amendment (1)
Jan 23-2nd reading, to Rules; floor amendments (1) and (2) filed
Jan 24-posted for passage in the Regular Orders of the Day for Friday, January 25, 2002
Jan 25-floor amendment (3) filed ; 3rd reading, passed 93-0 with committee amendment (1), floor amendments (1) and (2)
Jan 28-received in Senate
Jan 31-to State and Local Government (S)
Feb 12-reported favorably, 1st reading, to Calendar with Committee Substitute ; floor amendment (1) filed to Committee Substitute
Feb 13-2nd reading, to Rules
Feb 15-posted for passage in the Regular Orders of the Day for Tuesday, February 19, 2002
Feb 19-3rd reading; floor amendment (1) defeated ; passed 37-1 with Committee Substitute
Feb 20-received in House; posted for passage for concurrence in Senate Committee Substitute
Mar 8-House concurred in Senate Committee Substitute ; passed 94-1
Mar 11-enrolled, signed by Speaker of the House
Mar 12-enrolled, signed by President of the Senate; delivered to Governor
Mar 15-signed by Governor (Acts ch. 52)