Title[]
AN ACT relating to pension surcharges to benefit the Kentucky Retirement Systems and Kentucky Teachers' Retirement System and declaring an emergency
Sponsors[]
Brent Yonts
Summary:[]
Create new sections of KRS 61.510 to 61.705 to create a surcharge on state contracts for personnel hired in lieu of hiring a state employee; require the surcharge to be paid to the unfunded liability trust fund created under KRS 61.706; apply to all participating employers and for all memoranda of agreement and personnel service contracts, as defined in KRS 45A.690 of the Model Procurement Code; create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Employees Retirement System; create new section of KRS 161.220 to 161.716 to create a surcharge on Kentucky Community and Technical College System employees not participating in Kentucky Teachers' Retirement System
Final:[]
Did not make it out of committee