2008 House Bill 653 (Increase pension benefits for elected officials)

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Introduced by Rep. Greg Stumbo (D) on February 27, 2008, to extend the high-three final compensation window set to expire January 1, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009. The bill also extends the 2.2 percent benefit factor window set to expire January 31, 2009, for the remaining term of office of an elected official who is eligible to retire and receive the benefit as of January 1, 2009.
- Referred to the House State Government Committee on February 28, 2008.
- Reported in the House on March 6, 2008, favorably, 1st reading, to Calendar.
- Substitute offered in the House on March 6, 2008, to clarify the types of service credit used to determine if the elected official is eligible for the retirement window.
- Amendment offered by Rep. Carl Rollins (D) on March 10, 2008, to delete the original provisions of the bill and extend the high-three final compensation window set to expire January 1, 2009, for those state and county employees eligible for the benefit based upon service credit as of December 31, 2008.
- Amendment offered by Rep. Greg Stumbo (D) on March 11, 2008, to clarify the provisions do not apply to elected members of the General Assembly or the Judiciary and to make technical corrections.

Most Recent Comments

1) dash [by Anonymous Citizen on March 7, 2008]
Do not pass this legislation until state retirees $28 billion deficit fully funded;

Do not pass until local county government finances fully funded; i.e., 55% currently are broke and 37% of counties tax rates barely paying their bills;

Do not pass until legislation passed to eliminate all Corporate tax shelters costing KY's general fund an estimated $300 million annually;

Do not pass until all taxes owed state and local governments are collected; i.e., estimated $200 million + owed by Ky motor vehicle owners using illegal license plates!

Do not pass until legislators have reviewed state tax expenditures and reduced from $750 million to $500 million;

Do not pass until legislators pass a current budget embracing all of the above and then only pass this H.B.653 if same retirement strategy is available to all state employees

Dash
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2) budget crisis? lets spend more! [by newmark on March 4, 2008]
I'd like to remind you morons in Frankfort that we're in a budget crisis.

So what gives? Are you just that stupid?

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3) Hey Dumbo! [by Anonymous Citizen on March 3, 2008]
I like that. My sentiments exactly.
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