Fabio
80 lines
5.5 KiB
Markdown
80 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT relating to post-retirement options for state and local employees."
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description: "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."
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jurisdiction: "us/states/ky"
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legislature: "Kentucky General Assembly"
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session: "2023RS"
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identifier: "HB 506"
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citation: "Kentucky HB 506 (2023RS)"
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classification: ["bill"]
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subjects: ["Actuarial Analysis", "Counties", "Effective Dates", "Delayed", "Local Government", "Retirement and Pensions", "State Agencies", "State Employees"]
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 24
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vote_count: 2
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first_action: "2023-02-22T05:00:00+00:00"
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last_action: "2023-03-23T04:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/aa20048c-9623-45a7-ab9e-95485258e098"
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source_url: "https://apps.legislature.ky.gov/record/23RS/hb506.html"
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source_hash: "3cf488b3e9a1ecd8df8d3e5d5475d0ddcf55f59d916532cc3b1d0846470e4a78"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ky"]
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---
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# Kentucky HB 506 (2023RS) — AN ACT relating to post-retirement options for state and local employees.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb506/orig_bill.pdf)
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2. **Acts Chapter 71** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/23RS/documents/0071.pdf)
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3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb506/bill.pdf)
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## Votes
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- FOR CONSENT — **pass** (pass) · lower
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- FINAL PASSAGE HB 506 — **pass** (pass) · lower
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-22T05:00:00+00:00** introduced in House `introduction`
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- **2023-02-22T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
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- **2023-02-23T05:00:00+00:00** to State Government (H) `referral-committee`
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- **2023-03-02T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
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- **2023-03-03T05:00:00+00:00** 2nd reading, to Rules `reading-2`
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- **2023-03-03T05:00:00+00:00** posted for passage in the Consent Orders of the Day for Tuesday, March 07, 2023
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- **2023-03-07T05:00:00+00:00** 3rd reading, passed 98-0 `passage, reading-3`
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- **2023-03-08T05:00:00+00:00** received in Senate
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- **2023-03-08T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
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- **2023-03-10T05:00:00+00:00** to State & Local Government (S) `referral-committee`
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- **2023-03-13T04:00:00+00:00** taken from State & Local Government (S)
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- **2023-03-13T04:00:00+00:00** 1st reading `reading-1`
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- **2023-03-13T04:00:00+00:00** returned to State & Local Government (S)
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- **2023-03-14T04:00:00+00:00** taken from State & Local Government (S)
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- **2023-03-14T04:00:00+00:00** 2nd reading `reading-2`
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- **2023-03-14T04:00:00+00:00** returned to State & Local Government (S)
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- **2023-03-15T04:00:00+00:00** reported favorably, to Rules as a consent bill `committee-passage`
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- **2023-03-15T04:00:00+00:00** posted for passage in the Consent Orders of the Day for Wednesday, March 15, 2023
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- **2023-03-15T04:00:00+00:00** 3rd reading, passed 36 -0 `passage, reading-3`
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- **2023-03-15T04:00:00+00:00** received in House
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- **2023-03-16T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
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- **2023-03-16T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
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- **2023-03-16T04:00:00+00:00** delivered to Governor
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- **2023-03-23T04:00:00+00:00** signed by Governor (Acts Ch. 71) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/aa20048c-9623-45a7-ab9e-95485258e098`. Confidence: reported (aggregated from official Kentucky legislature records).
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