0
facebooktwittergoogle_plusredditpinterestlinkedinmail

Take Back Kentucky Bill Alert 3:

Please call toll-free 1-800-372-7181 and leave a message for the Kentucky State House Chairman of the State Government committee: “We Support HB 48 because it allows state legislators to opt out of their state pension. Right now, state lawmakers are required to have one.”

HB 48 R. Mills, J. Blanton, P. Pratt, S. Wells
AN ACT relating to retirement benefit participation for members of the General Assembly and declaring an emergency.
Create a new section of KRS 6.145 to 6.237 to allow individuals who become members of the General Assembly on or after April 1, 2018, to make a one-time irrevocable election to not participate in the Legislators’ Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly; allow members of the General Assembly who began contributing to the Legislators’ Retirement Plan or the Kentucky Employees Retirement System on or after December 31, 2014, but prior to April 1, 2018, to make a one-time irrevocable election by December 31, 2018, to discontinue participation in the Legislators’ Retirement Plan or the Kentucky Employees Retirement System for their service to the General Assembly and receive a refund of accumulated contributions; provide that the election to not participate or discontinue participation in the Legislators’ Retirement Plan or the Kentucky Employees Retirement System applies to all future service of the General Assembly; amend KRS 6.505, 61.510, and 61.525 to conform; EMERGENCY.

facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply