02RS HB427


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HB 427/AA (BR 1631) - M. Treesh

     AN ACT relating to retirement.
     Amend KRS 61.552 to allow hazardous employees in the Kentucky Retirement Systems to purchase air time at 15 years rather than 20 but not allow the time to qualify for normal or early retirement.


     HCS/AA - Amend KRS 61.552 to provide that nonhazardous, as well as hazardous, may purchase air time after 15 years although the time cannot be used to retire prior to 20 years of actual service.

     SFA (1, M. Long) - Provide that members who purchase five years of retirement service credit who are over sixty-five years of age be exempt from the requirement of working at least two hundred and forty months of actual service before applying the service credit toward their retirement benefit; provide that the members who are at least sixty-five who do not have two hundred forty months of actual service are exempt from being required to receive the payment plus interest as a refund upon retirement, death or written request after termination.

     Jan 18-introduced in House
     Jan 22-to State Government (H)
     Jan 31-posted in committee
     Feb 12-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 13-2nd reading, to Rules
     Feb 21-posted for passage in the Regular Orders of the Day for Friday, February 22, 2002
     Mar 5-3rd reading, passed 98-0 with Committee Substitute
     Mar 6-received in Senate
     Mar 11-to State and Local Government (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 25-floor amendment (1) filed
     Mar 28-posted for passage in the Consent Orders of the Day for Thursday, March 28, 2002; 3rd reading, passed 38-0
     Mar 29-received in House; enrolled, signed by each presiding officer; delivered to Governor
     Apr 5-signed by Governor (Acts ch. 210)

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