2008 House Bill 470 (Expand pension benefits of certain executive branch appointees)

Public Act 78 of 2008

[Comments on this legislation] [Post new comment] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

Introduced by Rep. Frank Rasche (D) on February 6, 2008, to require the executive branch to accept from the Kentucky Teachers' Retirement System all accrued annual and sick leave balances and service credits of employees leaving the Kentucky Teachers' Retirement System and accepting appointments within the executive branch.
- Referred to the House Education Committee on February 7, 2008.
- Reported in the House on February 19, 2008, favorably, 1st reading, to Calendar.
- Amendment offered by Rep. Frank Rasche (D) on February 19, 2008, to make technical corrections.
- The amendment passed in the House by voice vote on February 26, 2008.
Passed in the House (96 to 0) on February 26, 2008. [Vote Details and Comments]
Received in the Senate on February 27, 2008.
- Referred to the Senate Education Committee on February 29, 2008.
- Reported in the Senate on March 20, 2008, favorably, 1st reading, to Consent Calendar.
- Substitute offered in the Senate on March 20, 2008, to permit mutual fund accounts under the optional retirement plans and permit up to four companies rather than three companies from which the postsecondary education institution may purchase contracts.
- The substitute passed in the Senate by voice vote on March 27, 2008.
- Referred to the Senate Education Committee on March 24, 2008.
- Reported in the Senate on March 27, 2008, favorably, to Rules as a Consent Bill.
Passed in the Senate (38 to 0) on March 27, 2008, to require the executive branch to accept from the Kentucky Teachers' Retirement System all accrued annual and sick leave balances and service credits of employees leaving the Kentucky Teachers' Retirement System and accepting appointments within the executive branch. [Vote Details and Comments]
Received in the House on March 28, 2008.
- Referred to the House Rules Committee on March 28, 2008.
Passed in the House (95 to 0) on April 1, 2008, to require the executive branch to accept from the Kentucky Teachers' Retirement System all accrued annual and sick leave balances and service credits of employees leaving the Kentucky Teachers' Retirement System and accepting appointments within the executive branch. [Vote Details and Comments]
Signed by Gov. Steve Beshear on April 11, 2008.

Most Recent Comments

1) So... [by Anonymous Citizen on October 2, 2008]
We temporarily inflate your wage to increase your retirement payment and make the state bear the inflation? Real good idea for the rest of the public.
Reply

Line

2) dash [by Anonymous Citizen on March 21, 2008]
What is wrong with a merit state government employee being employed as a merit state employee for 15 years; promoted to non-merit job for 1.5 years; left non-merit status and went back to merit status serving another 12 years retiring with 29.5 years.

The 1.5 years as a non-merit employee enhanced my salary enough allowing me to retire on a living wage in 1994, when bushel of corn was $1.25; gasoline 1.10 per gallon; milk was $1.50 per gallon; electricity and most other expenses were affordable. In 2008 such inflationary costs are going to break our economic system unless we get control!

dash

Reply

Line

3) 2008 House Bill 470 (Expand pension benefits of certain executive branch appointees) [by admin on January 1, 2001]
Introduced in the House on February 6, 2008, to require the executive branch to accept from the Kentucky Teachers' Retirement System all accrued annual and sick leave balances and service credits of employees leaving the Kentucky Teachers' Retirement System and accepting appointments within the executive branch

The vote was 96 in favor, 0 opposed and 3 not voting

(House Roll Call 0 at House Journal 0)

Click here to view bill details.
Reply

Line

View Full Conversation