Fabio
5.5 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
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| Bill | AN ACT relating to post-retirement options for state and local employees. | Amend KRS 61.635 to establish a partial lump sum option (PLSO), with and without survivor rights, as a payment option for retiring members of the Kentucky Employees Retirement System (KERS), County Employees Retirement System (CERS), or State Police Retirement System (SPRS); provide that the PLSO shall include a lump-sum payment of 12, 24, 36, 48, or 60 months of payments and a lifetime benefit that is actuarially reduced to reflect the lump-sum payment; require the systems to develop information to assist the member in evaluating the PLSO as a potential payment option; amend KRS 61.637 and 78.5540 to change the required break in employment before a KERS, CERS, or SPRS retiree may return to work with a participating employer from 1 or 3 months, depending upon the position, to 1 month; make technical changes; EFFECTIVE January 1, 2024. | us/states/ky | Kentucky General Assembly | 2023RS | HB 506 | Kentucky HB 506 (2023RS) |
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enacted | 3 | 24 | 2 | 2023-02-22T05:00:00+00:00 | 2023-03-23T04:00:00+00:00 | openstates | ocd-bill/aa20048c-9623-45a7-ab9e-95485258e098 | https://apps.legislature.ky.gov/record/23RS/hb506.html | 3cf488b3e9a1ecd8df8d3e5d5475d0ddcf55f59d916532cc3b1d0846470e4a78 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Kentucky HB 506 (2023RS) — AN ACT relating to post-retirement options for state and local employees.
Amend KRS 61.635 to establish a partial lump sum option (PLSO), with and without survivor rights, as a payment option for retiring members of the Kentucky Employees Retirement System (KERS), County Employees Retirement System (CERS), or State Police Retirement System (SPRS); provide that the PLSO shall include a lump-sum payment of 12, 24, 36, 48, or 60 months of payments and a lifetime benefit that is actuarially reduced to reflect the lump-sum payment; require the systems to develop information to assist the member in evaluating the PLSO as a potential payment option; amend KRS 61.637 and 78.5540 to change the required break in employment before a KERS, CERS, or SPRS retiree may return to work with a participating employer from 1 or 3 months, depending upon the position, to 1 month; make technical changes; EFFECTIVE January 1, 2024.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Introduced (filed) — source
- Acts Chapter 71 (committee substitute) — source
- Current/Final (committee substitute) — source
Votes
- FOR CONSENT — pass (pass) · lower
- FINAL PASSAGE HB 506 — pass (pass) · lower
Timeline
The legislative action history — every referral, reading, and vote.
- 2023-02-22T05:00:00+00:00 introduced in House
introduction - 2023-02-22T05:00:00+00:00 to Committee on Committees (H)
referral-committee - 2023-02-23T05:00:00+00:00 to State Government (H)
referral-committee - 2023-03-02T05:00:00+00:00 reported favorably, 1st reading, to Calendar
committee-passage - 2023-03-03T05:00:00+00:00 2nd reading, to Rules
reading-2 - 2023-03-03T05:00:00+00:00 posted for passage in the Consent Orders of the Day for Tuesday, March 07, 2023
- 2023-03-07T05:00:00+00:00 3rd reading, passed 98-0
passage, reading-3 - 2023-03-08T05:00:00+00:00 received in Senate
- 2023-03-08T05:00:00+00:00 to Committee on Committees (S)
referral-committee - 2023-03-10T05:00:00+00:00 to State & Local Government (S)
referral-committee - 2023-03-13T04:00:00+00:00 taken from State & Local Government (S)
- 2023-03-13T04:00:00+00:00 1st reading
reading-1 - 2023-03-13T04:00:00+00:00 returned to State & Local Government (S)
- 2023-03-14T04:00:00+00:00 taken from State & Local Government (S)
- 2023-03-14T04:00:00+00:00 2nd reading
reading-2 - 2023-03-14T04:00:00+00:00 returned to State & Local Government (S)
- 2023-03-15T04:00:00+00:00 reported favorably, to Rules as a consent bill
committee-passage - 2023-03-15T04:00:00+00:00 posted for passage in the Consent Orders of the Day for Wednesday, March 15, 2023
- 2023-03-15T04:00:00+00:00 3rd reading, passed 36 -0
passage, reading-3 - 2023-03-15T04:00:00+00:00 received in House
- 2023-03-16T04:00:00+00:00 enrolled, signed by Speaker of the House
passage - 2023-03-16T04:00:00+00:00 enrolled, signed by President of the Senate
passage - 2023-03-16T04:00:00+00:00 delivered to Governor
- 2023-03-23T04:00:00+00:00 signed by Governor (Acts Ch. 71)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/aa20048c-9623-45a7-ab9e-95485258e098. Confidence: reported (aggregated from official Kentucky legislature records).