HB445
Log in to followAN ACT relating to membership dates in the Kentucky Employees Retirement System.
Amend KRS 61.510 to change the current definition of "membership date" in the Kentucky Employees Retirement System to remove date restrictions regarding educational contracts and allow any member who entered into an educational contract as a conditional employee of the state of Kentucky to have their system membership date for purposes of retirement benefits determination be based upon the earliest date of the contract.
Introduced: February 12, 2025
Last action: February 14, 2025
Plain-language summary
This bill would change how the Kentucky Employees Retirement System calculates a member's official start date when that person was hired under an educational contract as a conditional state employee. Currently, certain date restrictions limit when that membership can begin, and this bill would remove those restrictions so the membership date can go back to the earliest date of the original contract. This could affect how retirement benefits are calculated for those individuals. Who it may affect: Kentucky state employees who were hired under educational contracts as conditional employees and are enrolled in the Kentucky Employees Retirement System.
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