HB638
Log in to followAN ACT relating to the Teachers' Retirement System.
Amend KRS 161.220 to add certain employees of WeLeadCS to the definition of "member"; allow the Teachers' Retirement System (TRS) to promulgate administrative regulations to facilitate payment and collection for purchased service credit, and make technical changes; amend KRS 161.230 to allow TRS to establish a title holding company for certain investments; amend KRS 161.250 to specify the deadline for a written appeal of a TRS decision is not subject to the jurisdiction of any…
Introduced: February 18, 2025
Last action: February 26, 2025
Plain-language summary
This bill makes several changes to how the Teachers' Retirement System operates in Kentucky, including expanding membership to certain employees of a organization called WeLeadCS, adjusting how deadlines and appeals are handled, and updating investment rules. It also stops interest from accumulating in the retirement accounts of members convicted of a felony related to their employment, and gives members and their attorneys the right to see written materials submitted by medical review committees in disability…
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Legislative History
Primary Sponsor
Co-sponsors (1)
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