2014 Legislative Update

 

In the Senate:

Senate Bill 6

Would require Kentucky Retirement Systems, Kentucky Teachers' Retirement Systems and the Judicial Form Retirement System to disclose retirement account information upon request.

Sponsor: C. McDaniel

Bill: http://www.lrc.ky.gov/record/14RS/SB6.htm

Bill Status:

(Prefiled by the sponsor(s).)

  • Jan 7-introduced in Senate
  • Jan 13-to State & Local Government (S)

 

Senate Bill 35

Would increase the membership of the Public Service Commission (PSC) from three to seven members and allow the commission members to participate in the Kentucky Employees Retirement System (KERS).

Sponsor: R. Jones II

Bill: http://www.lrc.ky.gov/record/14RS/SB35.htm

Bill Status:

Prefiled by sponsor(s).)

  • Nov 6- To: Special Subcommittee on Energy
  • Jan 7-introduced in Senate
  • Jan 13-to Natural Resources & Energy (S)

 

In the House

House Resolution 29

Would support legislative action to pay the full Actuarially Required Contribution (ARC) rate to Kentucky Retirement Systems

Sponsors: J. Kay, D. Graham, M. Denham, S. Overly

Bill: http://www.lrc.ky.gov/record/14RS/HR29.htm

Bill Status:

  • Jan 10-introduced in House
  • Jan 13-to State Government (H)
  • Jan14-posted in committee
  • Feb 6-reported favorably, 1st reading, to Calendar
  • Feb 7-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, February 10, 2014
  • Feb 10-3rd reading, adopted 91-0

Vote History

 

House Resolution 30

Would support legislative action to provide a dedicated revenue source to fund the full Actuarially Required Contribution (ARC) rates for KERS and SPRS.

Sponsors: J. KayD. Graham, M. Denham, S. Overly

Bill: http://www.lrc.ky.gov/record/14RS/HR30.htm

Bill Status:

  • Jan 10-introduced in House
  • Jan 13-to State Government (H)
  • Jan 14-posted in committee
  • Feb 6-reported favorably, 1st reading, to Consent Calendar
  • Feb 7-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Wednesday, February 12, 2014
  • Feb 12-3rd reading, adopted 97-0

Vote History

 

House Concurrent Resolution 46

Would direct the Legislative Research Commission to study the potential use of an electronic health records system by the state, which would allow medical professionals instant access to the medical histories of state employees, retirees, and Medicaid recipients. The results of the study are due by November 1, 2014.

Sponsor: R. Damron

Bill: http://www.lrc.ky.gov/record/14RS/HC46.htm

Bill Status:

  • Jan 14-introduced in House
  • Jan 15-to Health & Welfare (H)

 

HB 48

Would require Kentucky Retirement Systems, Kentucky Teachers’ Retirement System, and the Judicial Form Retirement System to disclose retirement account information upon request. Would also require the systems to make the information available on a searchable database or website.

Sponsor: R Benvenuiti III

Bill: http://www.lrc.ky.gov/record/14RS/HB48.htm

Bill Status:

(Prefiled by the sponsor(s).)

  • Jan 7-introduced in House; to State Government (H)

 

HB 68

Gaming bill: one provision of the bill would establish the Kentucky Public Pension Stabilization Fund. Every quarter, after paying the Kentucky Gaming Commission’s operating expenses and disbursing funds to the Kentucky compulsive gamblers assistance account, ten percent (10%) of the funds remaining in the Kentucky gaming account will be appropriated to the Kentucky Public Pension Stabilization Fund. Once the fund has achieved a funding level of at least eighty percent (80%) the funds may be appropriated by the General Assembly for any purpose.

Sponsor: L. Clark, T. Burch, De. Butler, J. Donahue, D. Horlander, D. Keene, C. Miller, D. Osborne, S. Riggs, S. Santoro

Bill: http://www.lrc.ky.gov/record/14RS/HB68.htm

Bill Status:

(Prefiled by the sponsor(s).)

  • Jan 7-introduced in House; to Licensing & Occupations (H)

 

HB 95

Would increase the Public Pension Oversight Board membership from 13 members to 17 members. One member would be a retiree appointed by the Speaker of the House of Representatives; one member would be a retiree appointed by the President of the Senate; one member would be an employee of an agency participating in KRS appointed by the Speaker of the House; and one member would be an employee of an agency participating in KRS appointed by the President of the Senate.

Sponsor: W. Coursey

Bill: http://www.lrc.ky.gov/record/14RS/HB95.htm

Bill Status:

(Prefiled by the sponsor(s).)

  • Jan 7-introduced in House; to State Government (H)

 

HB 137

Would deposit out-of-state sales and use tax monies into the Kentucky Retirement Systems unfunded liability trust fund if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states.

Sponsor: B. Yonts

Bill: http://www.lrc.ky.gov/record/14RS/HB137.htm

Bill Status:

(Prefiled by the sponsor(s).)

  • Jan 7-introduced in House
  • Jan 8-to State Government (H)
  • Jan 28-Posted in Committee
  • Feb 6-reported favorably, 1st reading, to Consent Calendar with Committee Substitute, committee amendment (1-title)
  • Feb 7-2nd reading, to Rules; recommitted to Appropriations & Revenue (H)

 

House Bill 228

Would require the Governor, when appointments to boards and commissions are made from submitted lists, to appoint a male or female so as to achieve as much gender equity as possible.

Sponsors: M. Marzian

Bill: http://www.lrc.ky.gov/record/14RS/HB228.htm

Bill Status:

  • Jan 16-introduced in House
  • Jan 21-to State Government (H)
  • Jan 30-reported favorably, 1st reading, to Consent Calendar
  • Jan 31-2nd reading, to Rules; taken from Rules; placed in the Consent Orders of the Day for Tuesday, February 4, 2014
  • Feb 4-3rd reading, passed 94-5
  • Feb 5-received in Senate
  • Feb 7-to State & Local Government (S)

Vote History

 

House Bill 319

Would require the transfer of all monies from the tax on electronic cigarettes within a certain time frame to the Judicial Form Retirement System and Kentucky Retirement Systems for the issuance of a one-time cost-of-living offset to eligible retirees.

Sponsors: De. Butler

Bill: http://www.lrc.ky.gov/record/14RS/HB319.htm

Bill Status:

  • Feb 3-introduced in House
  • Feb 4-to Appropriations & Revenue (H)
House Bill 389

Would provide that all state-administered retirement systems conduct an actuarial experience study at least once every 5 years and require the actuary certifying the results of the annual actuarial valuation and the 5 year experience study to be a fellow of the Conference of Consulting Actuaries or a member of the American Academy of Actuaries.

Sponsors: B. Yonts

Bill: http://www.lrc.ky.gov/record/14RS/HB389.htm

Bill Status:

  • Feb 13-introduced in House
  • Feb 18-to State Government (H); posted in committee
  • Feb 20-reported favorably, 1st reading, to Consent Calendar
  • Feb 21-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Wednesday, February 26, 2014
  • Feb 26-3rd reading, passed 99-0
  • Feb 27-received in Senate
  • Mar 5-to State & Local Government (S)
House Bill 546

Would make various changes concerning the governance of Kentucky Retirement Systems investments and the Systems’ procurement of services, goods, and property; would require the Public Pension Oversight Board to study whether legislative action should be taken to separate the administration of the County Employees Retirement System from the Kentucky Retirement Systems and to transfer administration of the Judicial Retirement Plan and Legislators’ Retirement Plan to the Kentucky Retirement Systems, and provide a report on the results of the study to the Legislative Research Commission by December 1, 2014.

Sponsors: J. Wayne

Bill: http://www.lrc.ky.gov/record/14RS/HB546.htm

Bill Status:

  • Mar 4-introduced in House
  • Mar 5-to State Government (H)
House Bill 581

Would create a new tax to require all retirees of the Kentucky Employees Retirement System to pay a one percent (1%) tax on benefits received by the System in taxable years beginning January 1, 2015, and would allow retirees to receive a Cost of Living Adjustment (COLA) after paying the tax for five years.

Sponsors: F. Steele, K. Imes

Bill: http://www.lrc.ky.gov/record/14RS/HB581.htm

Bill Status:

  • Mar 4-introduced in House
  • Mar 5-to Appropriations & Revenue (H)