---
type: "Bill"
title: "AN ACT relating to Kentucky Retirement Systems agency participation and declaring an emergency. Amend KRS 61.522 to remove installments as a payment option for agencies required to pay the actuarial costs for ceasing participation in the Kentucky Retirement Systems; clarify conditions in which an employee seeking to transfer funds to the ceasing employer's alternative retirement program is not included in the employer actuarial cost calculation; specify that the systems shall develop separate assumptions for determining the employer's cost to cease participation; specify the formula for determining the assumed rate of return in the cost calculation; provide noncodified language to state the provisions shall apply retroactively to any matter pending before the Kentucky Retirement Systems board; EMERGENCY."
description: "AN ACT relating to Kentucky Retirement Systems agency participation and declaring an emergency. Amend KRS 61.522 to remove installments as a payment option for agencies required to pay the actuarial costs for ceasing participation in the Kentucky Retirement Systems; clarify conditions in which an employee seeking to transfer funds to the ceasing employer's alternative retirement program is not included in the employer actuarial cost calculation; specify that the systems shall develop separate assumptions for determining the employer's cost to cease participation; specify the formula for determining the assumed rate of return in the cost calculation; provide noncodified language to state the provisions shall apply retroactively to any matter pending before the Kentucky Retirement Systems board; EMERGENCY."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2017RS"
identifier: "HB 351"
citation: "Kentucky HB 351 (2017RS)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 25
vote_count: 0
first_action: "2017-02-14"
last_action: "2017-03-21"
source: "openstates"
source_identifier: "ocd-bill/79edced6-88cc-4a3b-9431-ff1b4b14f4ef"
source_url: "http://www.lrc.ky.gov/record/17RS/HB351.htm"
source_hash: "75108e2f509370671b878649d67525b03151fac6ce85af5c299b87e5e65a1b50"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky HB 351 (2017RS) — AN ACT relating to Kentucky Retirement Systems agency participation and declaring an emergency. Amend KRS 61.522 to remove installments as a payment option for agencies required to pay the actuarial costs for ceasing participation in the Kentucky Retirement Systems; clarify conditions in which an employee seeking to transfer funds to the ceasing employer's alternative retirement program is not included in the employer actuarial cost calculation; specify that the systems shall develop separate assumptions for determining the employer's cost to cease participation; specify the formula for determining the assumed rate of return in the cost calculation; provide noncodified language to state the provisions shall apply retroactively to any matter pending before the Kentucky Retirement Systems board; EMERGENCY.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB 351 (As Introduced)** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/orig_bill.pdf)
2. **HCS1** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/HCS1.pdf)
3. **HFA1** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/HFA1.pdf)
4. **Most Recent Version** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB351/bill.pdf)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-14** Introduced in House `introduction`
- **2017-02-15** To State Government (H) `referral-committee`
- **2017-02-21** Posted in committee
- **2017-02-22** Posted in committee
- **2017-02-23** Reported favorably, 1st reading, to Calendar with Committee Substitute (1) `reading-1`
- **2017-02-24** 2nd reading, to Rules `reading-2`
- **2017-02-27** Floor amendment (1) filed to Committee Substitute `amendment-introduction`
- **2017-03-01** Posted for passage in the Regular Orders of the Day for Thursday, March 2, 2017
- **2017-03-03** 3rd reading, passed 64-18 with Committee Substitute and floor amendment (1) `reading-3, passage`
- **2017-03-06** Received in Senate
- **2017-03-07** To State & Local Government (S) `referral-committee`
- **2017-03-08** Taken from State & Local Government (S)
- **2017-03-08** 1st reading `reading-1`
- **2017-03-08** Returned to State & Local Government (S)
- **2017-03-14** Taken from State & Local Government (S)
- **2017-03-14** 2nd reading `reading-2`
- **2017-03-14** Returned to State & Local Government (S)
- **2017-03-15** Reported favorably, to Rules as a consent bill
- **2017-03-15** Posted for passage in the Consent Orders of the Day for Wednesday, March 15, 2017
- **2017-03-15** 3rd reading, passed 37-0-1 `reading-3, passage`
- **2017-03-15** Received in House
- **2017-03-15** Enrolled, signed by Speaker of the House
- **2017-03-15** Enrolled, signed by President of the Senate
- **2017-03-15** Delivered to Governor
- **2017-03-21** Signed by Governor (Acts, ch. 104) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/79edced6-88cc-4a3b-9431-ff1b4b14f4ef`. Confidence: reported (aggregated from official Kentucky legislature records).