AN ACT relating to employer funding for the County Employees Retirement System and declaring an emergency. Amend KRS 61.565 to establish a phase-in of the actuarially required employer contributions to the County Employees Retirement System (CERS) so that by July 1, 2024, the full actuarially required contribution rate is paid; provide that the maximum annual increase in projected dollars paid shall not exceed 10% of the value from the prior fiscal year through June 30, 2023, provide that rates payable by CERS employers from July 1, 2018, to June 30, 2023; shall be based upon the assumptions established in the 2017 actuarial valuation; require the systems' board of trustees to amend employer rates payable on or after July 1, 2018, accordingly; EMERGENCY.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2018
Last action Feb 22, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 22, 2018
House · Referred to committee
To Appropriations & Revenue (H)
Feb 20, 2018
House · Introduced
Introduced in House
22 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Al Gentry
DDemocratic
P
AS
Arnold Simpson
DDemocratic
P
Charles Miller
DDemocratic
P
Chris Harris
DDemocratic
P
Dennis Keene
DDemocratic
P
Derrick Graham
DDemocratic
P
George Brown
DDemocratic
P
Jeffery Donohue
DDemocratic
P
JW
Jim Wayne
DDemocratic
P
JR
Jody Richards
DDemocratic
P
Joni L. Jenkins
DDemocratic
P
Kelly Flood
DDemocratic
P
Mary Lou Marzian
DDemocratic
P
McKenzie Cantrell
DDemocratic
P
RG
Rick G. Nelson
DDemocratic
P
Rick Rand
DDemocratic
P
Rocky Adkins
DDemocratic
P
Russ A. Meyer
DDemocratic
P
SO
Sannie Overly
DDemocratic
P
SR
Steve Riggs
DDemocratic
P
Tom Burch
DDemocratic
P
Wilson Stone
DDemocratic
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