Bill > HB445

This bill amends the Kentucky Employees Retirement System (KERS) statute to modify the definition of "membership date" for members who entered into educational contracts as conditional state employees. Specifically, the bill removes the previous date restriction of "prior to December 31, 2003" from the provision, which means that any member who entered into an educational contract as a conditional employee of Kentucky can now have their system membership date determined by the earliest date of their contract, regardless of when that contract was made. This change will allow more flexibility in calculating retirement benefits for employees who were hired under educational contracts, potentially enabling them to establish an earlier membership date in the retirement system. The modification aims to provide more equitable treatment for employees who were hired through educational contracts by eliminating the previous temporal limitation on when those contracts could have been established.

Government Affairs

https://apps.legislature.ky.gov/record/25RS/hb445.html