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Legislative Updates

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 Senate Bill 151 Information

SB151 HCS 1

Actuarial Analysis for Nonhazardous

Actuarial Analysis for Hazardous

Senate Bill 151 Summary

The 2018 Regular Session of the Kentucky General Assembly adjourned Sine Die on Saturday, April 14, 2018.  Although the Session has officially ended, several bills were passed on the last two days that have been sent to the Governor for his review, so the fate of that legislation remains to be seen.  Therefore, we will continue to monitor legislation and will post regular updates here on our “Legislative Updates” page.

 

The Tracking Lists below are accurate as of April 18, 2018.

Daily Update 4/14/18

Legislation Status Chart 4/14/18

Other Retirement-Related Legislation 4/14/18

Board of Trustees Annual Board Meeting 4/19/18

Legislative Update Presentation 

On days when the General Assembly is in Regular Session, Kentucky Retirement Systems creates three (3) documents that monitor legislation of particular importance to the Systems. 

  1. The first document is called the "Daily Legislative Update" that lists bills with a direct potential impact on the Systems.
  2. The second document is the "2018 Legislation Status Chart."  This chart is designed to give an overall view of a particular bill's progress, but will not contain the specific details of the Daily Legislative Update document.
  3. The third document is called "Other Retirement-Related Legislation" that highlights legislation that may have an indirect effect on the Systems. 

When a bill has seen action during the day, the action will be highlighted on the list with bold red font.  Also, you can click on the bill number in the document and it will link you to the Legislative Research Commission (LRC) website where you can read the bill in its entirety.

The General Assembly has adjourned for the 10-day veto recess, and they are scheduled to return to Frankfort on April 13 to consider any vetoes that the Governor may issue.  The veto recess is a 10-day period, excluding Sundays, when the Governor has the opportunity to review legislation that has made it through the process and landed on his desk.  There are three actions that a Governor can take during the recess: he can sign a bill (if a bill has an emergency clause it becomes effective immediately: otherwise, it becomes effective 90 days after the session adjourns Sine Die), permit it to become law without a signature, or veto it. 

In the case of appropriations bills (like the State Executive Branch Budget) the Governor has line-item veto power, meaning he can veto certain parts of the bill without killing the entire bill.  Section 88 of the Kentucky Constitution describes the veto process if you are interested:   http://www.lrc.ky.gov/legresou/constitu/088.htm

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Senate Bill 151 became a pension reform bill yesterday, passing the House 49 – 46 and the Senate 22 – 15 late Thursday night.  The bill has been delivered to the Governor for his consideration.  Also, House Bill 185 (Death in Line of Duty – EMERGENCY) passed the Senate 37 – 0 with floor amendments (1) and (2) and was sent back to the House.   

On the Other Retirement-Related Tracking List, House Bill 11, House Bill 130, and House Bill 476 all saw action.

The General Assembly has adjusted their calendar, and now will convene again on Monday, April 2, 2018. 

On the Daily Tracking List, Senate Bill 113 (Retirement benefits for local elected officials - EMERGENCY) saw floor amendment (1) filed to House Floor Amendment (1), floor amendment (4) filed to the Committee Substitute, and floor amendments (5) and (6 – title) filed to the Bill.  Also, House Bill 185 (Death in Line of Duty – EMERGENCY) was reported favorably out of the Senate State and Local Government committee, given its second reading, and sent to the Rules committee.  Floor amendment (2) was filed to the bill.

On the Other Retirement-Related Tracking List, Senate Bill 86, House Bill 11, House Bill 130, and House Bill 476 all saw action.

As of the end of Week 12 of the 2018 Regular Session of the Kentucky General Assembly, Kentucky Retirement Systems is tracking 44 bills or resolutions on the Daily List and 40 bills or resolutions on the Other Retirement-Related List.

House Bill 200, the State Executive Branch Budget bill, continued to move through the legislative process this week.  The Senate passed their version of the budget 26 – 11 on Tuesday, but the House refused to concur and yesterday the bill was sent to a Free Conference Committee consisting of members of both chambers.  The Committee will work to resolve their differences over the next few days.  House Bill 203 (Judicial Branch Budget bill) and House Bill 366 (Revenue bill – EMERGENCY) were also sent to the Free Conference Committee yesterday.

In other action from the Daily tracking List yesterday, Senate Bill 113 (Retirement benefits for local elected officials - EMERGENCY) was reported favorably out of committee and has been posted for passage in the Regular Orders of the Day for Tuesday, March 27.  The bill also picked up two Floor Amendments.  Also, House Bill 185 (Death in Line of Duty – EMERGENCY) was taken from the Senate State and Local Government committee, given its first reading, and returned to that same committee.

On the Other Retirement-Related Tracking List yesterday: House Bill 11, House Bill 158, House Bill 204, and House Bill 476 all saw action. 

The General Assembly will not convene on Monday, but the Public Pension Oversight Board will meet at 1 p.m. Eastern time that day in Room 154 of the Annex.  The General Assembly will return for Legislative Day 56 on Tuesday, March 27, 2018, with the Senate reconvening at 1 p.m. Eastern time and the House at 2 p.m. Eastern time. 

Yesterday the House refused to concur with the Senate's version of House Bill 200 (State Executive Branch Budget bill), House Bill 203 (Judicial Branch Budget bill), and House Bill 366 (Revenue bill – EMERGENCY).  All three bills were sent back to the Senate, and the next step will be the creation of a conference committee.  Conference committees are where the House and Senate discuss their positions on bills in an attempt to resolve their differences.  You can read Rule 44 in the Senate Rules of Procedure for more detail about how the process works.   

In other action from the Daily tracking List, Senate Bill 113 (Retirement benefits for local elected officials - EMERGENCY) was taken from the House State Government committee, given its second reading, and returned to that same committee; and House Bill 185 (Death in Line of Duty – EMERGENCY) was assigned to the Senate State and Local Government committee.

On the Other Retirement-Related Tracking List, House Bill 158 and House Bill 204 both saw action again.

 

​The Senate's version of House Bill 200 (State Executive Branch Budget bill) passed the full chamber 26 – 11 yesterday.  In addition, two bills were moved from the Other Retirement-Related Tracking List to the Daily List because they now contain items of interest to KRS.  The bills are House Bill 203 (Judicial Branch Budget bill), which passed the Senate 26 – 12; and House Bill 366 (Revenue bill- EMERGENCY), which passed the Senate 23 – 15 yesterday.

In other action from the Daily tracking List, Senate Resolutions 280, 281, 282, 283, and 284 (Confirm appointments of members of the KRS Board of Trustees) all passed the Senate 38 - 0 yesterday; Senate Bill 113 (Retirement benefits for local elected officials - EMERGENCY) was taken from the House Committee on Committees, given its first reading, and returned to that same committee; and the sponsor of the Floor Amendment to House Bill 168 that would have required the disclosure of retirement benefit information for individuals receiving a combined annualized benefit exceeding $100,000 withdrew the Amendment yesterday, and the bill passed the Senate 38 - 0.  Because that bill no longer concerns Kentucky Retirement Systems we will remove the bill from the Daily List tomorrow.  Finally, House Bill 185 (Death in Line of Duty – EMERGENCY) was received in the Senate.

On the Other Retirement-Related Tracking List, House Bill 158 and House Bill 204 saw action.

​On the Daily Tracking List: Senate Bill 113 (Retirement benefits for local elected officials - EMERGENCY) was received in the House; and House Bill 185 (Death In Line of Duty - EMERGENCY) passed the full House 89-0 with Committee Substitute and floor amendment (1). 

On the Other Retirement-Related Tracking List, House Bill 216, House Bill 248, and House Bill 476 all saw action.

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Senate Bill 1 (Senate Committee Substitute) Actuarial Analysis

Actuarial Analysis for Nonhazardous

Actuarial Analysis for Hazardous

Senate Bill 1 Actuarial Analysis

The Systems' actuary (GRS) has completed their Actuarial Analysis ("AA") of Senate Bill 1 that was filed on February 20, 2018.  Please note that these AA's do not reflect any changes made in the Proposed Senate Committee Substitute  version of the bill that was discussed in the Senate State and Local Government committee meeting on Wednesday, February 28, 2018.

 Actuarial Analysis for the Nonhazardous plans.

 Actuarial Analysis for the Hazardous plans.

Please be advised that these legislative summaries are intended for general informational purposes only and should not be relied upon as legal advice regarding the legislative meaning, purpose, intent, application or administration of a particular statutory change. 

If you have questions or concerns regarding the impact of a particular piece of legislation, please contact the Legislative Research Commission or a qualified attorney. If you have questions regarding your Kentucky Retirement Systems benefits, please contact the Retirement Systems through our webpage at kyret.ky.gov or by telephone at (800) 928-4646.

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