02RS HB590


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HB 590/AA (BR 1425) - A. Arnold, J. Gray

     AN ACT relating to the Kentucky Judicial Form Retirement System.
     Create new sections of KRS Chapter 21 to establish the Kentucky Judicial Retirement Plan excess benefit plan and provide for its administration; delete provisions in KRS 21.370 (judicial) and KRS 6.515 (legislative) that limit those individuals who can purchase air time and previous service credit for domestic relations commissioner, trial commissioner, United States or military service, to those judges and legislators that were in office on June 21, 2001 and who were in active contributing status to the retirement systems on June 21, 2001; amend provisions to allow direct trustee-to-trustee transfer between retirement systems for the purchase of retirement credit, if authorized by the Internal Revenue Code.


     HCS/AA - Retain original provisions of the bill except delete provisions in Section 3 and 4 which affect beneficiary purchases and military service credited to another defined benefit system to make them conform to federal law; amend KRS 6.525 to provide that the Legislator Retirement Plan mirror the Judicial plan under provisions KRS 21.370 to 21.410.

     Feb 5-introduced in House
     Feb 6-to State Government (H)
     Feb 7-posted in committee
     Feb 12-reported favorably, 1st reading, to Calendar
     Feb 13-2nd reading, to Rules
     Feb 14-recommitted to State Government (H)
     Feb 21-posted in committee
     Feb 26-reported favorably, to Rules with Committee Substitute
     Feb 27-posted for passage in the Regular Orders of the Day for Thursday, February 28, 2002
     Feb 28-3rd reading, passed 51-32 with Committee Substitute
     Mar 1-received in Senate
     Mar 5-to State and Local Government (S)
     Mar 19-reported favorably, 1st reading, to Consent Calendar
     Mar 20-2nd reading, to Rules
     Mar 21-posted for passage in the Consent Orders of the Day for Thursday, March 21, 2002; 3rd reading, passed 29-9
     Mar 22-received in House
     Mar 25-enrolled, signed by each presiding officer; delivered to Governor
     Mar 28-signed by Governor (Acts ch. 90)

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