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2005 House Bill 299: Allowing state university workers to purchase employment time

Public Act 86 of 2005

Introduced by Rep. Charles Miller (D) on February 4, 2005 To permit purchase of full-time employment at a state university if the service was covered by a defined contribution plan. The bill would allow vested members of the Kentucky Retirement Systems to purchase credit for full-time employment with an urban-county government in positions which would qualify for hazardous duty.   Official Text and Analysis.
Referred to the House State Government Committee on February 7, 2005
Received in the Senate on February 23, 2005
Referred to the Senate State and Local Government Committee on February 24, 2005
Amendment offered by Sen. Elizabeth Tori (R) on March 3, 2005
Withdrawn in the Senate on March 8, 2005
Substitute offered in the Senate on March 8, 2005 To permit a legislator who failed to elect membership in the Legislators' Retirement Plan an option to elect membership. The substitute would allow legislators to purchase "airtime" after 15 years. Final compensation would be based on the 3 highest years of earnings. The substitute would provide reciprocity between the Legislators' Retirement Plan and the other state-administered plans and would allow legislators to retire after 27 years. The substitute provides similar assistance to judges. The substitute would permit judges participating in KERS to join the Judicial Retirement Plan and would allow judges to purchase "airtime" after 15 years. The substitute also would base the compensation used for legislators' retirement benefits on taxable earnings.
The substitute passed by voice vote in the Senate on March 8, 2005
Received in the House on March 8, 2005
Passed 48 to 36 in the House on March 8, 2005.
    See Who Voted "Yes" and Who Voted "No".
To permit a legislator who failed to elect membership in the Legislators' Retirement Plan an option to elect membership. The substitute would allow legislators to purchase "airtime" after 15 years. Final compensation would be based on the 3 highest years of earnings. The substitute would provide reciprocity between the Legislators' Retirement Plan and the other state-administered plans and would allow legislators to retire after 27 years. The substitute provides similar assistance to judges. The substitute would permit judges participating in KERS to join the Judicial Retirement Plan and would allow judges to purchase "airtime" after 15 years. The substitute also would base the compensation used for legislators' retirement benefits on taxable earnings.
Allowed to become law without signature by Gov. Ernie Fletcher on March 21, 2005

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